# Ethereum Price Outlook: Kalshi Traders Eye $2,650 Target

**Published:** 2026-08-31T15:33:39.518Z  
**Topic:** Ethereum Price  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/05ca264f-5f61-4e83-8797-5760bf33a7c6

Ethereum price could hit $2,650 this month according to Kalshi traders. Track the $2,500 resistance level and $179.8M in recent spot ETF inflows.

Ethereum traders on the prediction platform Kalshi are positioning for a potential climb to $2,650 before the end of August, reflecting a bullish shift following a 20% weekly rally that pushed the asset past $2,400 [1, 3]. This target remains a market-derived expectation rather than a guaranteed price, serving as a benchmark for sentiment as the asset struggles to decisively clear the $2,500 resistance level [1, 2].

| At a glance | |
|---|---|
| Price | ~$2,490 |
| Weekly Gain | 20% |
| Key Resistance | $2,500 |
| ETF Inflows | $179.8 million |

## Market sentiment and ETF flows
The optimism surrounding the $2,650 forecast coincides with a surge in institutional demand for spot Ethereum exchange-traded funds (ETFs). On August 25, these funds recorded $179.8 million in net inflows, with BlackRock’s ETHA fund leading the demand by accounting for $146.44 million of that total [1]. Despite these inflows, the broader cryptocurrency market experienced a slight cooling, falling 1.95% to a total market capitalization of $2.61 trillion over the past day [1].

While the Kalshi forecast suggests confidence in short-term growth, the asset has faced repeated profit-taking near the $2,500 mark [1]. Technical indicators currently show neutral conditions, with the four-hour Relative Strength Index (RSI) retreating from overbought levels to 55.57 [1]. Analysts note that while the asset remains within a broader bull market structure above $2,350, the MACD indicator remains below the signal line, suggesting a potential fade in momentum [1].

## Price levels to monitor
The path to the $2,650 target depends on Ethereum’s ability to sustain a close above the $2,500 psychological barrier [3]. Failure to maintain this level could trigger a retest of the $2,350 support zone, with further downside risk potentially exposing the $2,000 and $1,800 levels if selling pressure intensifies [1].

| Level | Significance |
|---|---|
| $2,650 | Kalshi trader monthly target |
| $2,500 | Immediate resistance / breakout point |
| $2,350 | Crucial support level |
| $2,000 | Downside target on breakdown |

## What to watch
*   **$2,500 Breakout:** Monitor whether the daily close can consistently hold above this resistance, which is required to open the path toward the $2,600–$2,650 range [1].
*   **Institutional Flows:** Watch for sustained net inflows into spot Ethereum ETFs, as these have served as a primary catalyst for recent price support [1].
*   **Support Stability:** Observe the $2,350 support level; a failure to hold this area could signal a shift in short-term sentiment toward the $2,000 mark [1].

Whether Ethereum reaches the $2,650 target depends on the asset's ability to overcome profit-taking at current levels and maintain the momentum generated by recent institutional inflows. Market participants remain focused on the $2,500 threshold as the primary indicator of whether the current bullish outlook will hold through the final days of the month [1, 3].

## Sources
1. Coingape — [Kalshi Traders Predict Ethereum Price May Hit $2,650 This Month](https://coingape.com/markets/kalshi-traders-predict-ethereum-price-may-hit-2650-this-month/)
2. Hokanews — [Kalshi Traders Forecast Ethereum to Reach $2.65K This Month - HOKANEWS.COM](https://www.hokanews.com/2026/08/kalshi-traders-forecast-ethereum-to.html)
3. News — [Ethereum Bisa Tembus US$2.650 Bulan Ini? - Tokocrypto News](https://news.tokocrypto.com/ethereum-bisa-tembus-us2-650-bulan-ini/)

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Cite as: TrendWatcher, "Ethereum Price Outlook: Kalshi Traders Eye $2,650 Target", https://www.trendwatcher.in/article/05ca264f-5f61-4e83-8797-5760bf33a7c6