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Traders Hold Out for ETH’s Possible August High
ETH Key Price Range
According to data from Polymarket’s prediction market, traders believe there is a 57% chance that ETH will reach $5,000 by the end of August, with the probability of hitting $4,800 rising to 80%.
Another platform, Kalshi, indicates that there is still a 67% chance for ETH to achieve a historical high before September.
ETH Key Price Range
Market traders assert that the current bullish trend for Ethereum hinges on maintaining key support levels, including the historical weekly closing high of $4,600 and the psychological barrier of $4,000. Trader Rekt Capital noted that ETH must quickly stabilize above $4,631 and convert this level into support to confirm entry into the price discovery phase; failure to do so could lead to a drop back to the CME weekly gap at $4,000, or even test $3,750.
Another analyst, Block_Diversity, previously anticipated that ETH might first pull back to the $4,000–$4,400 range before the next wave of upward momentum begins. Additionally, the “active realized price” at $4,700 remains a significant pressure zone, having triggered large-scale sell-offs on multiple occasions in the past.
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