Analysts have hinted that Ethereum prices will rise by 100%, citing historical trends, here are all

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Ethereum prices are currently trading around $2,455 after breaking through a May high of around $2,360. Max Crypto predicts that as the Ethereum weekly Supertrend indicator turns green, prices will move towards $3,600. One whale held a leveraged long ETH position of $100.46 million, with a liquidation price of approximately $2,345.56.

Ethereum prices have fallen 2.7% in the past 24 hours and are currently trading around $2,455. During this period, ETH's price range ranged from US$2,435 to US$2,530. In addition, after reaching the upper end of the range, the token encountered a sharp rejection (decline).

As the Ethereum weekly Supertrend indicator turns green, its price may rise to $3,600 by October. Analyst Max Crypto made this forecast based on ETH's performance after previous bullish signals emerged. In the six weeks after the change, Ethereum gained 100%. At the same time, CryptoGoos reported that ETH has exceeded its May high.

Ethereum's current market value is approximately US$299.63 billion. In the last 24 hours of trading, its trading volume reached US$11.16 billion. It is worth noting that despite a 44.4% decline over the past year, ETH has still risen 29.1% in the past 30 days.

However, the price targets and market levels discussed in this article are based on technical analysis and historical trends, are for information purposes only and should not be regarded as guarantees of future performance. Given the inherent volatility of the cryptocurrency market, readers should research their own before making investment decisions and consider consulting a qualified financial professional.

Historical trends in Ethereum prices suggest a possible rebound to US$3,600

Against this market backdrop, Max Crypto identifies a bullish change on the Ethereum weekly chart. The analyst reported that the weekly Supertrend indicator had flipped from red to green. This change marks an improvement in momentum after ETH recovers from the US$1,500 - 1,600 region.

Ethereum Price Analysis| Source: X

The previous green Supertrend signal precedes a sharp rebound in Ethereum prices. ETH rose from about $2,500 to nearly $5,000 in six weeks. As a result, approximately 100% of revenue was generated during this period.

Max Crypto applied the same percentage increase to the US$1,800 near the latest signal area. Based on that price, a 100% increase would put Ethereum towards $3,600 by October. However, this forecast depends on whether ETH can maintain its weekly recovery.

Currently, the green support line for this indicator is around US$1,750. Therefore, Ethereum must remain above the above areas to preserve the structure presented by analysts. A break below Supertrend support would weaken the historical basis of comparisons behind the $3,600 target.

Ethereum prices broke through May resistance

Meanwhile, CryptoGoos found another bullish development on the Ethereum weekly chart. The analyst reported that ETH has moved above its May high of $2,360. This area has previously prevented Ethereum's gains and served as resistance.

ETH Price Trend| Source: X

Subsequently, Ethereum climbed to about $2,547, then retreated to around $2,452. Despite the correction, ETH continues to trade above former May resistance. The breakthrough also puts US$2,360 below current market prices.

After this action, the front resistance level now becomes the first support level on the weekly chart. Staying above $2,360 will retain the breakthrough pattern shown in CryptoGoos analysis. However, if the weekly closes below that level, it could indicate a failed breakthrough and expose a lower price level.

CryptoGoos also links the broader cryptocurrency market outlook to Bitcoin's performance. The analyst expects momentum to increase if Bitcoin clears its own May high. Similar breakthroughs in these two assets could support broader buying activity between altcoins.

ETH Whale opens US$148 million leveraged bet

In addition to technical signals, a cryptocurrency whale has also established large leveraged positions on Ethereum and Bitcoin. The account held approximately $148.4 million in the two long transactions. Ethereum accounts for the majority of the combined exposure.

Ethereum Whale Betting| Source: X

The whale used 25 times cross leverage to open a long ETH position worth $100.46 million. The position entered at US$2,442.65, while Ethereum was trading at close to US$2,454.80 at the time. At the recorded price, it recorded unrealized profits of approximately US$497,127.

The clearing price for the ETH position is US$2,345.56. This level is approximately 4.5% lower than recorded market prices. Notably, it is also close to the $2,360 May breakthrough area identified by CryptoGoos.

At the same time, a long Bitcoin position worth US$47.9 million was opened on the same account using a 40-fold cross leverage. Bitcoin entered at US$79,367.80, and later traded at close to US$79,576. This position recorded an unrealized profit of approximately US$125,295. Bitcoin's clearing price is US$72,216.49, approximately 9.2% lower than the recorded market price.