Ethereum Price Rally Predicted as Supertrend Indicator Turns Green

Ethereum's price has been steadily rising since breaking above its May highs around $2,360. The token's market capitalization currently stands at approximately $299.63 billion, with a trading volume of $11.16 billion over the past 24 hours.

According to Max Crypto, Ethereum's weekly Supertrend indicator has turned green, signaling improving momentum and potentially leading to a price increase. In the past, when this indicator flipped from red to green, Ethereum's price rose by around 100% within six weeks.

The analyst projects that if Ethereum holds above its current support level of $1,750, it could reach a price target of $3,600 by October. This prediction is based on the historical trend and performance following previous bullish signals.