Ethereum Price Rally Predicted at $3,600 by Max Crypto

Ethereum's price has been trading near $2,455 after breaking above its May highs around $2,360.

According to Max Crypto, a bullish signal on Ethereum's weekly chart suggests that the price could rise towards $3,600 by October.

The analyst based this forecast on historical trends, noting that Ethereum gained 100% within six weeks after its previous green Supertrend signal turned red. This time, if ETH maintains its current momentum and holds above the indicator's support line near $1,750, a similar gain could take it to $3,600 by October.

CryptoGoos reported that Ethereum has already broken above its May highs, with the token trading above $2,360. The former resistance now serves as the first support level on the weekly chart.