Key Insights: Ethereum price trades near $2,455 after breaking above the May highs around $2,360. Max Crypto projects a move toward $3,600 after Ethereum’s weekly Supertrend turned green. A w
Ethereum price currently trades near $2,455 following a 2.7% decline over the past 24 hours. The ETH price ranged between $2,435 and $2,530 during the period. Moreover, the token encountered a sharp rejection after reaching the upper end of that range.
Ethereum price could rise toward $3,600 by October after its weekly Supertrend indicator turned green. Analyst Max Crypto based the forecast on ETH’s performance following the previous bullish signal. Ethereum gained 100% within six weeks after that earlier change. Meanwhile, CryptoGoos reported that ETH has already broken above its May highs.
Ethereum currently holds a market capitalization of about $299.63 billion. Its trading volume reached $11.16 billion during the latest 24-hour period. Notably, ETH has gained 29.1% over 30 days despite declining 44.4% over the past year.
However, the price targets and market levels discussed herein are based on technical analysis and historical trends, and are provided for informational purposes only. They should not be regarded as guarantees of future performance.
Due to the inherent volatility of cryptocurrency markets, readers should conduct their own research and consider consulting a qualified financial professional before making investment decisions.
Against this market backdrop, Max Crypto identified a bullish change on Ethereum’s weekly chart. The analyst reported that the weekly Supertrend indicator has flipped from red to green. This change signals improving momentum following ETH’s recovery from the $1,500–$1,600 region.
Ethereum Price Analysis | Source: X The previous green Supertrend signal preceded a sharp Ethereum price rally. ETH advanced from approximately $2,500 to nearly $5,000 within six weeks. Therefore, the move produced a gain of about 100% during that period.
Max Crypto applied the same percentage increase to the latest signal area near $1,800. A 100% advance from that price would take Ethereum toward $3,600 by October. However, the forecast depends on ETH maintaining its weekly recovery.
The indicator’s green support line currently sits near $1,750. Consequently, Ethereum must hold above that area to preserve the structure presented by the analyst. A drop below the Supertrend support would weaken the historical comparison behind the $3,600 target.
Meanwhile, CryptoGoos identified another bullish development on Ethereum’s weekly chart. The analyst reported that ETH has moved above its May highs near $2,360. That area previously stopped Ethereum’s advance and acted as resistance.
ETH Price Action | Source: X Ethereum subsequently climbed to approximately $2,547 before retreating toward $2,452. Despite the pullback, ETH continued trading above the former May resistance. The breakout also placed $2,360 below the current market price.
Following that move, the former resistance now serves as the first support level on the weekly chart. Holding above $2,360 would preserve the breakout shown in CryptoGoos’ analysis. However, a weekly close below it could indicate a failed breakout and expose lower levels.
CryptoGoos also linked the broader crypto market outlook to Bitcoin’s performance. The analyst expects stronger momentum if Bitcoin clears its own May highs. Similar breakouts across both assets could support wider buying activity among altcoins.
Alongside the technical signals, one crypto whale opened substantial leveraged positions in Ethereum and Bitcoin. The account holds approximately $148.4 million across the two long trades. Ethereum accounts for most of the combined exposure.
Ethereum Whale Bet | Source: X The whale opened a $100.46 million ETH long using 25x cross leverage. The position entered at $2,442.65, while Ethereum traded near $2,454.80. It recorded approximately $497,127 in unrealized profit at the recorded price.
The ETH position holds a liquidation price of $2,345.56. That level sits about 4.5% below the recorded market price. Notably, it also lies close to the $2,360 May breakout area identified by CryptoGoos.
Meanwhile, the same account opened a $47.90 million Bitcoin long using 40x cross leverage. Bitcoin entered at $79,367.80 and later traded near $79,576. The position recorded approximately $125,295 in unrealized profit. The Bitcoin liquidation price stands at $72,216.49, approximately 9.2% below the recorded market price.
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