Will Ethereum be at or above $2,450 on Aug 29?
Signal ended
Entry · NO56¢
PublishedAug 29
Aug 29 forecast
Several same-day readings were below the cutoff, and the late rebound cleared it by only cents, so Ethereum above $2,450 at the deadline is unlikely.
Ethereum's latest quote was barely above the cutoff after several readings below it and a broader pullback attributed to profit-taking. That makes an above-threshold finish unlikely but still live: recent ETF inflows and support near $2,431 could fuel another upswing, while the negligible cushion leaves the outcome vulnerable to an ordinary downtick.
Points to NO
- The latest quote left almost no cushion above $2,450, making a routine downtick sufficient to put the deadline price below the cutoff.On August 29 at 12:50 p.m. ET, Ethereum rose to $2,450.28.
- A sub-threshold reading shortly before the rebound shows the move above $2,450 was not yet durable, increasing the chance that sellers regain control.On August 29 at 15:18:40 UTC, Ethereum traded at $2,435.51 after ranging between $2,418.11 and $2,520.20 over 24 hours.
- Recent profit-taking created active downward pressure, which could reappear before the deadline and erase the narrow recovery.On August 28, Ethereum fell 2.9% to $2,438.16 amid profit-taking, with 24-hour volume reaching $17.49 billion.
Points to YES
- Sustained inflows into spot Ethereum funds provide an underlying source of demand that could extend the rebound and keep the deadline price above the cutoff.US spot Ethereum ETFs recorded $234.51 million of net inflows on August 27, their ninth consecutive trading day of inflows.
- Support near $2,431 has limited the pullback, keeping Ethereum close enough to the cutoff for a modest rally to secure an above-threshold finish.On August 29, Ethereum held above support near $2,431 after retreating from resistance near $2,500.
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