#ETHEREUM Will Ethereum Price Rally Continue After 40% Weekly Gains?

Ethereum price surged 40% on the weekly chart with US-China trade deal and ETH whale activity providing additional catalysts.

Highlights

Analyst noted that Ethereum price weekly closes above $2,200 historically triggers fresh bull run.

An Ethereum whale, who strategically accumulated 50,165 ETH since February, turned a $21 million loss into a $21.7 million profit.

Analysts highlight Ethereum's strong technical setup for ETH rally to $12,000 by year-end.

Ethereum price continues to show strength as US-China trade talks made progress on Sunday, after gaining 40% last week. Institutional interest and ETH whale activity are picking up once again, with big money once again flowing into the altcoin. Last week rally has once again flipped the market narrative from “Ethereum is dead” to now ETH at $10,000.