Will Ethereum be at or above $2,450 on Aug 29?
Signal ended
Entry · NO68¢
PublishedAug 29
Aug 29 forecast
Ethereum fell below $2,450 after a sharp, stretched rally, so a price at or above the threshold at 5 p.m. is unlikely but still live.
The latest Aug. 28 readings clustered below $2,450 after Ethereum reversed from above $2,500. Stretched momentum and cautious macro conditions favor further weakness, although strong investment inflows and recent volatility leave a rebound possible.
Points to NO
- The latest dated spot reading was below the cutoff after a steep daily reversal, leaving Ethereum dependent on a rapid rebound and lowering the chance of finishing above $2,450.On Aug. 28, ETH/USD was $2,428.69, down 3.26% after opening at $2,510.95 and trading as low as $2,408.17.
- Overextended momentum increases the chance that profit-taking continues into the deadline rather than producing an immediate recovery.On Aug. 28, the daily RSI was 75.79, short-term momentum was flat to soft, and the 15-minute EMA20 had crossed below the EMA50.
- Sticky inflation and a cautious Federal Reserve backdrop restrain risk appetite, making traders less inclined to chase the recent crypto surge into the deadline.On Aug. 28, Federal Reserve Chair Kevin Warsh said inflation had not meaningfully improved, with consumer inflation at 3.4% and PCE inflation at 3.7%.
Points to YES
- The cutoff remains close relative to recent intraday swings, so a routine rebound could still return Ethereum to qualifying territory.On Aug. 28, ETH/USD traded between $2,408.17 and $2,534.24, crossing the $2,450 threshold within the session.
- Persistent ETF inflows and expanding stablecoin liquidity provide a demand channel that could fund a fast recovery above the cutoff.As of Aug. 28, U.S. spot ETH ETFs had drawn $1.18 billion over eight consecutive sessions, while stablecoin capitalization had expanded by about $4.1 billion over two weeks.
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