Kalshi Traders Eye $2,650 ETH Price Target Ahead of August End

Ethereum's price could be heading for $2,650 by the end of August, according to data from prediction platform Kalshi. The forecast is based on trader positioning and comes after a 20% weekly jump that pushed Ether above $2,400.

The wider crypto market fell 1.95% over the past day, dropping to $2.61 trillion, while Bitcoin stayed near $78,000, just below the $80,000 mark.

On Kalshi, the forecast chart shows a $2,650 target with a rise of 585.4 points, indicating that traders are leaning toward continued short-term gains for Ethereum.