Deribit stated in a report that Ethereum's solid support level at $2,860 indicates that it will rise to $4,500. Deribit stated that the $2,860 support level has been tested multiple times since July 5th, and now all eyes are on Ethereum. The strong support in July indicates strong buyer demand, potentially laying the foundation for a high of $4,500. Deribit emphasized that the launch of an Ethereum ETF could potentially increase institutional attention and investment in Ethereum, pending regulatory approval.