Kalshi Traders Predict Ethereum (ETH) Could Reach $2,650 Target in August
cryptonewsEthereum’s price could climb to $2,650 before the end of August, according to prediction platform Kalshi based on trader positioning.
The prediction follows a 20% weekly jump that pushed Ether above $2,400. Gains have slowed since then as traders take profits.
The wider crypto market fell 1.95% over the past day, dropping to $2.61 trillion. Bitcoin stayed near $78,000, just below the $80,000 mark.
XRP settled at $1.44 after a 5% pullback over two sessions, following a strong rally the week before.
On Kalshi, the forecast chart shows a $2,650 target with a rise of 585.4 points, indicating that traders are leaning toward continued short-term gains for Ethereum.
Ethereum ETF Inflows Rise
Spot Ethereum ETFs brought in $179.80 million in net inflows on August 25, according to data from SoSoValue.
BlackRock’s ETHA led all funds with $146.44 million in inflows. Fidelity’s FETH followed with $25.75 million, and BlackRock’s ETHB added $7.61 million.
Combined, Ethereum ETFs now hold $14.88 billion in assets, equaling 5.06% of Ethereum’s total market cap.
Daily trading volume across these funds reached $980.49 million, while total historical net inflows for Ethereum ETFs have grown to $12.45 billion.
ETHA remains the largest fund with $8.23 billion in assets, despite a recent 0.46% dip. Grayscale’s ETHE has seen $5.35 billion in net outflows but still holds $1.87 billion in assets.
Price Levels to Watch
Ethereum traded at $2,451.51 on August 26, down 0.44% on the four-hour candle. The price has held above the $2,350 support level despite the slowdown.
The four-hour RSI fell to 55.57, a neutral reading after recent overbought conditions. The MACD line sits below the signal line, with a negative histogram.
A close above $2,500 could open the path toward $2,600 and $2,800, which serves as the next resistance zone traders are watching.
Conversely, a second rejection near $2,500 could send Ethereum back to the $2,350 support area. A break below that level could bring $2,000 into view, with $1,800 as a further downside target.
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