Ethereum Price Eyes $3,000 After Strong Institutional Demand

Ethereum has seen significant price gains over the past week and month, rising by over 10% in the last seven days and 34% in the last thirty. As of August 28, 2026, Ethereum traded at $2,519.

The strong institutional demand for Ethereum has driven inflows of $1.185 billion into Ethereum ETFs over eight days, supporting price momentum.

Technical analysis suggests that Ethereum may face a critical resistance level at $2,550. If the weekly close on August 30 is above this level, it could trigger a breakout towards $3,000.