Crypto
Kalshi Predicts Ethereum Price Target of $2,650 This Month
Ethereum's price may reach $2,650 by the end of August according to Kalshi's prediction market data.
The forecast follows a 20% weekly jump that pushed Ether above $2,400. However, gains have slowed down as traders take profits.
On August 25, spot Ethereum ETFs pulled in $179.8 million, with BlackRock's ETHA leading the funds with $146.44 million in inflows.
If Ethereum closes above $2,500, it could open the path towards $2,600 and $2,800. However, a rejection near $2,500 may send Ethereum back to the $2,350 support area, potentially leading to further losses down to $2,000 or even $1,800.