Robinhood Sets August 7 Ethereum Price Target at $1,890

The Ethereum price prediction market on Robinhood has set a target for August 7, 2026. According to the contract details, the event resolves at 1am EDT, and the outcome will determine whether the price of Ethereum will be $1,890 or above, $1,885 or above, $1,895 or above, or $1,880 or above.

The final value is calculated by averaging 60 RTI prices collected at the last minute before expiration. If a trader's prediction is correct, they can receive $1 for every contract owned. Traders have until the event resolves to close their positions, but additional fees apply.

The contract prohibits trading for individuals who hold material non-public information on Ethereum or are employed by certain source agencies. Event contracts involve significant risk and may not be suitable for everyone.