Will Ethereum dip to $1,800 in August?

Prediction markets put the probability at 58%: Will Ethereum dip to $1,800 in August. Currently, markets are divided (58% YES, 42% NO).

What’s Happening

Ethereum has been trading under persistent selling pressure throughout August, with the asset sliding from $1,920 to $1,875 by August 10 amid net outflows on major exchanges. The ethereum dip to $1,800 in August now hinges on the upcoming U.S. inflation report scheduled for August 12, which traders expect to influence Federal Reserve rate decisions. On-chain data shows the $1,800–$1,960 range as the immediate battleground, with downside targets at $1,700 if inflation data disappoints, or a potential rebound toward $2,000 if price pressures cool faster than anticipated. Institutional demand has softened slightly ahead of the release, adding to the cautious tone across crypto markets. [Pluang, Aug 11]

The ethereum dip to $1,800 in August carries significant technical weight, as the level aligns with the Market Value to Realized Value (MVRV) 0.8 pricing band that Ethereum broke above in early August. Historically, clearing this threshold has pushed ETH toward its realized price of $2,245, and the formation of an MVRV momentum golden cross around the same period has preceded upside moves of up to 166% in prior cycles. However, analysts remain split: some see a retest of the $1,760–$1,800 support zone as a necessary base-building phase before a potential breakout toward $4,800, while others point to the broader macro backdrop — including Standard Chartered's June cut of its Ethereum target by 47% to below $1,800 — as evidence of sustained bearish pressure. [Cryptorank, Aug 13]

Looking ahead, the August 12 inflation print is the primary catalyst that could determine whether the ethereum dip to $1,800 in August becomes a reality or a rejected support level. A hotter-than-expected reading would likely accelerate outflows and push ETH toward the $1,700 downside target, while a cooler print could trigger a swift recovery toward the $2,000 psychological barrier. Fundstrat's Tom Lee has previously suggested ether could bottom below $1,800, though his recent forecast track record has been mixed — his August 2025 bitcoin call of $200,000 ultimately peaked at $126,000 in October before retreating. Traders are also monitoring whale wallet movements and exchange netflows for signs of accumulation near current levels, as the $1,800 zone has historically attracted significant buy-side interest. [CoinDesk, Feb 11]

Traded on Polymarket — $55K Volume

Lower-volume market on Polymarket ($55K). Wider spreads expected — enter with limit orders and be aware of slippage risk. Currently 58c YES.