According to Trader Tardigrade, Ethereum (ETH) has broken out from a Descending Triangle pattern on the monthly chart, a key technical signal that typically marks the end of a consolidation period and the start of a strong upward move. This breakout places ETH in what analysts describe as the 'Impulsive Phase,' historically associated with significant price surges. Traders are closely watching for confirmation of increased volume and follow-through buying, as these could trigger a new wave of bullish momentum for ETH in the cryptocurrency market (source: Trader Tardigrade on Twitter, June 11, 2025).

According to Trader Tardigrade on Twitter, Ethereum has formed a long-legged doji candlestick pattern on its monthly chart, traditionally seen at the bottom of a downtrend. This pattern often signals the exhaustion of selling pressure and could act as an early indicator of a potential trend reversal from downtrend to uptrend for ETH. Traders may look for confirmation of this reversal in upcoming sessions before adjusting their strategies. (Source: Trader Tardigrade on Twitter, April 30, 2025)