Ethereum Price Forecast Sees $2,650 Target Before August Ends

Ethereum's price may reach $2,650 by the end of August, according to Kalshi prediction market data. The forecast follows a 20% weekly jump that pushed Ether above $2,400. Gains have slowed down since then as traders take profits.

The wider crypto market fell 1.95% over the past day, with Bitcoin near $78,000 and XRP at $1.44 after a 5% pullback. Spot Ethereum ETFs pulled in $179.8 million on August 25, led by BlackRock's ETHA.

A close above $2,500 could open the door to $2,600 and $2,800, while a rejection near that level may push ETH back down toward $2,350 support. Ethereum traded at $2,451.51 on August 26, down 0.44% on the four-hour chart.