In its latest report, the cryptocurrency analysis platform Deribit predicts that Ethereum's stability at the $2,860 support level signals a potential climb to $4,500. This crucial price point has been repeatedly tested since July 5th, indicating a strong demand for Ethereum in the market. The report highlights the robust support seen since July, reflecting ongoing buyer interest in Ethereum, which could lay the groundwork for higher pricing in the future. Additionally, with the launch of Ethereum ETFs and regulatory approval (green light) expected to attract more institutional investors' attention and investment, this is likely to further drive the upward trend of Ethereum prices.