Kalshi Traders Predict $2,650 Target This Month

TLDR

• Ethereum price could reach $2,650 in August, according to Kalshi prediction market data.
• Spot Ethereum ETFs pulled in $179.8 million on August 25, led by BlackRock’s ETHA.
• ETH traded at $2,451.51 on August 26, down 0.44% on the four-hour chart.
• A close above $2,500 could open the door to $2,600 and $2,800.
• A rejection near $2,500 may push ETH back down toward $2,350 support.

Ethereum’s price could climb to $2,650 before the end of August. That is the forecast shown on 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. That drop follows a strong rally the week before.

On Kalshi, the forecast chart shows a $2,650 target with a rise of 585.4 points. This shows 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. The data comes 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. That figure equals 5.06% of Ethereum’s total market cap.

Daily trading volume across these funds reached $980.49 million. Total historical net inflows for Ethereum ETFs have grown to $12.45 billion.

ETHA remains the largest fund with $8.23 billion in assets, though it dipped 0.46% recently. 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. That is the next resistance zone traders are watching.

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.