According to Eric Cryptoman, recent overnight trades have seen scalping profits evolve into swing trades as Ethereum (ETH) approaches the $3000 mark. This price action is attracting increased trader interest in momentum strategies and short-term volatility plays. As ETH targets $3000, technical indicators such as rising trading volume and bullish sentiment, cited from @EricCryptoman, point to sustained upward momentum. Traders are watching for potential breakout scenarios, which could impact altcoin performance and overall crypto market sentiment. Source: Eric Cryptoman Twitter, May 16, 2025.