ETH Price Rally Predicted as Ethereum Hits New High

Ethereum's price has been trading near $2,455 after breaking above its May highs around $2,360. Max Crypto projects a move toward $3,600 by October based on Ethereum's weekly Supertrend indicator turning green.

The analyst cited historical trends, noting that ETH gained 100% within six weeks following the previous bullish signal. This time, if the prediction holds true, the price would reach $3,600 in just a few months.

However, Ethereum's price has been volatile recently, and the whale who opened substantial leveraged positions in ETH might face liquidation if prices drop below $2,345.56. The account currently holds approximately $100.46 million in leveraged ETH longs.