Ethereum Price Forecast & Predictions

Ethereum (ETH) seems to have entered a consolidation phase after the strong uptrend that pushed it past the $2,400 mark. We can see what could be a bullish pennant pattern forming right above that former area of resistance. This is a continuation pattern that reflects an ongoing transfer of the asset (ETH) from the hands of early buyers, who have opted to take some profits off the table, and late buyers, who wish to position favorably for future rallies. The $2,530 area seems to be the key supply area to break. If that happens, Ethereum’s rally to $2,800 should resume.

Ethereum-linked exchange-traded funds (ETFs) have booked an impressive 9-day streak of positive net inflows, with $150 million flowing to these vehicles during this period. As a result, August’s total net inflows are now the highest since December 2025, as market sentiment has turned around. September is a critical month for cryptocurrencies, as the U.S. Congress will discuss the Clarity Act once again. We maintain that ETH could finish the year above $3,000 if that $2.8K ceiling is broken, as both on-chain metrics and technical indicators favor a bullish outlook, despite what Congress decide.

The odds of getting the Clarity Act passed in 2026 currently sit at just 12% on prediction markets like Polymarket. This means that the market is already pricing in that this key piece of legislation will not get to Trump’s desk this year. However, if investors’ reaction to a confirmed rejection of this bill turns out to be more dramatic than expected and the price of ETH dips below the 200-day exponential moving average (EMA), that could set in motion a retest of this year’s low at around $1,600.