Ethereum Price Prediction for August 2026

Ethereum (ETH) trades below the major technical resistance despite steady institutional buying and whale accumulation. Traders weigh improving ETF inflows against weakening derivatives sentiment as the second-largest cryptocurrency trades near $1,850-$1,890, struggling to hold above the 100-day Exponential Moving Average (EMA).

According to SoSoValue, on August 5, the total net inflow of Ethereum spot ETFs was $60.8576 million. The Ethereum spot ETF with the highest single-day net inflow yesterday was BlackRock's ETF ETHA, with a single-day net inflow of $50.3442 million, bringing ETHA's cumulative total net inflow to $11.53 billion to date. Second was BlackRock's Staked $ETH ETF ETHB, with a single-day net inflow of $4.9382 million, bringing ETHB's cumulative total net inflow to $555 million to date.

Recently, the Morgan Stanley ETF for the real estate sector, the MSSE ETF, saw its first inflow, and that is also an indicator of increased institutional participation.

Technical Resistance Keeps Bulls in Check

Ethereum has failed to break out of May's peak and the 100-day EMA at $1,930 three times. This repeated rejection indicates that the area is still being defended by the sellers.

The Relative Strength Index (RSI) is hovering around the mid-50s, with neutral momentum. Meanwhile, Ethereum is trading within a narrow trading range of $1,840-$1,950, indicating higher price compression that often leads to sharp directional breaks.

The 20-day EMA, 50-day EMA, and the 0.382 Fibonacci retracement converge between $1,837 and $1,872, forming an immediate support band. If price breaks below this area, then the next horizontal support level is at $1,711. On the positive side, a daily close above $1,930 would bring $1,940, $2,042, and ultimately the psychological $2,000-$2,170 resistance level in focus.

Whale Accumulation Offsets Bearish Derivatives Sentiment

The positioning of perpetual futures has become more cautious, while the spot market tells a different story. According to CryptoQuant data, the trading volume of ETH derivatives has increased, with the Net Taker Volume shifting to the negative zone. Also, the Taker Buy-Sell Ratio has dropped below 1, indicating aggressive sellers currently outnumber buyers.

However, whales are still buying. One of the whales recently deposited 19,000 ETH from Gemini into staking and has accumulated 112,000 ETH in the past three weeks, according to Lookonchain. Another wallet has gone on a buying spree, accumulating nearly 79,216 ETH since late June at an average purchase price of $1,777.

Meanwhile, BitMine Immersion Technologies' stake grew to 5.797 million ETH, which accounts for around 4.8% of the circulating supply of Ethereum, and it also bolstered its buy-back programme. Staking revenue from the company's staked holdings is estimated to be approximately $247 million a year.

August has historically been a month with mixed performance, with the median return for Ethereum being -1.87% over the last 11 years, and 7 of them resulted in a negative monthly close. 

While seasonal weakness remains a headwind, with continued Ethereum inflow, whale accumulation, and a breakout above the $1,930-$1,961 resistance zone, the price could reclaim the $2,000 mark in the coming weeks.

Also Read: Ethereum Eyes $2,000 After Its Strongest Monthly Gain in a Year

FAQs:

1. Why is the $1,930 level important for Ethereum?

The $1,930 area aligns with the 100-day EMA and a long-term descending trendline. A sustained close above this resistance could signal renewed bullish momentum toward the $2,000 mark.

2. How are Ethereum ETFs influencing the market?

According to SoSoValue, spot Ethereum ETFs recorded more than $60 million in daily inflows, led by BlackRock's ETHA. Continued institutional buying strengthens long-term demand for ETH.

3. Why are whales accumulating Ethereum?

Large investors continue moving ETH into staking and expanding their holdings despite short-term price weakness. Whale accumulation is often viewed as a sign of long-term confidence in the asset.

4. What are Ethereum's key support and resistance levels?

Immediate support lies between $1,837 and $1,872, followed by $1,711. Major resistance is located at $1,930, with further upside targets near $1,961, $2,042 and the $2,170 region.

5. Is August historically a strong month for Ethereum?

Not typically. Over the past 11 years, Ethereum has posted a median August return of -1.87%, with seven negative monthly closes, making it a seasonally weaker month despite occasional strong bull-market performances.