Ethereum Price Hopes Riding on August Hard Fork with $4,150 Target
The Ethereum network is poised for significant changes with the upcoming Glamsterdam hard fork on August 30, which Google's Gemini AI predicts will reset its trajectory. The AI model suggests a baseline price target of $3,800 to $4,500 by late 2026, with $4,150 as the realistic mid-case scenario.
The Glamsterdam hard fork will implement EIP-7928, parallel execution on the network, which is expected to scale throughput towards 10,000 transactions per second. Additionally, EIP-7904 will handle gas pricing, reducing Layer-1 fees by approximately 78.6%.
The successful deployment of these changes could recapture value for mainnet validators instead of leaking it to searchers, as Enshrined Proposer-Builder Separation (EIP-7732) reduces MEV extraction by up to 70%. However, the bear case scenario suggests that timing failures and further technical delays pushing protocol execution past Q4 2026 could lead to prolonged consolidation, potentially breaking below $2,100 support towards a bear target of $1,850.