Kalshi Traders Forecast Ethereum Price May Hit $2,650 This Month
Ethereum (ETH)
Editor:
Eugene Serbin
CoinGape reports that traders on prediction platform Kalshi are forecasting Ethereum could reach $2,650 before the end of August. This outlook follows a 20% weekly price jump that pushed Ether past the $2,400 mark. Despite this recent surge, momentum has cooled as the broader cryptocurrency market fell 1.95% to $2.61 trillion in the past day.
Ethereum has struggled to clear the $2,500 resistance level, where profit-taking continues to limit further gains. The Kalshi graphic indicates a forecast of $2,650 with a green up value of 585.4, suggesting increased confidence in short-term growth. Traders have boosted their monthly peak prediction, showing optimism despite a slight retraction in the pattern.
This forecast represents a general consensus rather than a guaranteed price target. For this target to be reached, Ethereum needs to gain momentum in the remaining sessions of August. Currently, the price traded at $2,451.51 on August 26, down 0.44% on the latest four-hour candle.
Technical indicators show the four-hour RSI at 55.57, indicating neutral conditions, while the MACD histogram is negative. If the price closes above $2,500, the next potential targets are $2,600 and $2,800. Conversely, a rejection at $2,500 could send ETH toward support at $2,350, with $2,000 or $1,800 in focus if weakness persists.
How the market reacted
Whalio's own Binance spot order flow for ETH, measured when this story was written up on 26 August 2026. Not the outlet's figures.
Whalio data shows Ethereum trading at $2,506.78 with a 1-hour buy ratio of 55.0% and a 4-hour buy ratio of 40.4%. The 24-hour buy ratio stands at 51.2%, indicating that buying pressure is mixed across different timeframes. The 1-hour volume delta is positive at +$7,944,358, suggesting immediate buying interest, while the 4-hour delta is negative at -$11,321,838, showing recent selling pressure. Over the last 24 hours, the volume delta is +$14,758,006, with a cumulative CVD of +$18,069,472. This net buying occurred over 12 of the last 24 hours, with a total spot volume of $617,837,179 and 2,687,659 trades. The positive 24-hour delta indicates that buyers have been more aggressive than sellers over the full day.
The latest daily buy ratio of 46.8% sits at the 16th percentile of the last 322 days, against a median of 49.5% - weaker buying than most days.
Twenty-four hours later
What ETH did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for ETH, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 51.4%, which is slightly higher than the current 24-hour ratio of 51.2%. The latest day's volume was 0.48x the average, indicating significantly lower trading activity compared to the weekly norm. Net buying occurred on 6 of the 7 days in the period, with a total volume delta of +$343,346,378. The price increased by 11.3% over the 8-day period. This represents an ordinary day for the coin in terms of buy ratio, but the volume is unusually low at less than half the weekly average.