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Below is my analysis on $ETH.. it basically shows how it moves in cycles:
Brutal downtrend - real bottom - forms a base - then rips vertical with barely any retest.
First, we had that nasty downtrend into April 2025. Sentiment was dead, everyone got chopped, and $ETH bottomed out around $1,750.
Then we finally got a base forming in late April/early May..
From there, ETH pushed out its first big impulse move running straight from $1,800 up to $2,860.
After a bit of consolidation, ETH formed another base in June around $2,850–$3,000, then sent it again.. clean impulse all the way to $3,700+
What stands out is there were basically zero deep retests on the way up.
Most traders kept waiting for the “perfect entry,” but ETH just kept going, leaving the base behind and never looking back.
- Now, looking at the current setup:
ETH is basing again in the $3,600–$3,700 zone right now.
If this base holds, I honestly think we could see another vertical move straight to $4,000 and maybe even higher, probably catching everyone off guard who’s still waiting for a deeper pullback.
If this base fails and ETH loses $3,600, then yeah, we could get a sharper pullback to that $2,860 zone that’s where the last impulse started.
But honestly, ETH loves to punish those waiting patiently for a perfect entry..
now If we see real strength and volume step in around $3,700, I’m not waiting I’ll just ride the next move.
Wouldn’t surprise me if ETH does another impulse with zero retests and leaves everyone behind again.
That’s just classic ETH behavior, imo.

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