Ethereum to $3K in August? Elite Crypto Analyst Just Made a Bold ETH Price Forecast

Ethereum holders finally have a reason to be satisfied. ETH price bounced around 11% from its local lows and is now trading well above$1,700. The token hit a low near $1,550 in late June and has been grinding higher since.

The broader crypto market is showing signs of life. Bitcoin reclaimed $61,000. Altcoins are bouncing. July is starting better than June ended.

Ash Crypto, a popular analyst with a large following, shared an interesting chart that suggests Ethereum could be repeating a pattern from the 2022 bear market.

Ash Crypto’s 2022 Comparison

Ash Crypto tweeted his analysis of Ethereum’s price action.

In the 2022 bear market , Ethereum formed a cycle bottom of $881 in June. From July to August, ETH rallied 128%. In November, it pulled back but never broke the June low. That higher low confirmed the bottom was in.

So far, this cycle is starting to look similar. Ethereum formed a cycle low near $1,500 in June 2026. If history repeats, ETH could rally into August. A 128% move from the June bottom would put ETH around $3,400 in August.

Ash Crypto was more conservative in his own forecast. He said: “Not sure about $3,400 but I think $2,400–$2,800 is very possible.”

Ethereum Chart Analysis: The 2022 Parallel

The attached chart compares Ethereum’s price action in 2022 with the current 2026 cycle.

2022 cycle: ETH bottomed at $882 in June, rallied 128% to approximately $1,720 in August, then pulled back to form a higher low in November. The chart shows the August peak labeled at $1,720 and the cycle low marked as $882 in June.

2026 cycle: ETH bottomed near $1,500 in June, and the chart projects a similar rally to $2,600–$2,800 in August. The analyst’s more aggressive target of $3,400 is also shown on the Ethereum chart.

Source: X/@AshCrypto

The key similarity: Both cycles saw ETH bottom in June. Both saw a strong rally into August. Both saw a higher low later in the year. The pattern is clear.

The difference: The 2022 rally was 128% from a $882 bottom. A 128% move from the $1,500 bottom would put ETH at roughly $3,400. But Ash Crypto noted that the percentage move may not repeat exactly – hence his more conservative $2,400–$2,800 target.

Price action context: ETH is currently trading above $1,700, up from the $1,550 low. The chart shows ETH trading at $1,721.18. The next resistance is $1,800–$1,850, then $2,000.

Ethereum News: Institutional Adoption and Glamsterdam Upgrade

Ethereum Institutional Launches

Backed by Ethereum co-founder Joseph Lubin and public companies BitMine and SharpLink, the new nonprofit “Ethereum Institutional” launched to serve as a neutral front door for traditional finance. Its mission is to guide banks, asset managers, and fintechs through technical and commercial decisions for adopting Ethereum, its Layer 2s, and stablecoins.

This is a significant development for Ethereum’s institutional narrative. Having a dedicated organization to help traditional finance navigate Ethereum could accelerate adoption.

Glamsterdam Upgrade Scheduled for 2026

The next major Ethereum upgrade, dubbed “Glamsterdam,” is scheduled for the second half of 2026. It is currently being tested on development networks and aims to implement key improvements like enshrined Proposer‑Builder Separation (ePBS) and increased data throughput for rollups.

ePBS would separate the roles of block proposers and builders, improving network efficiency and reducing centralization risks. The upgrade would also increase data throughput for rollups, making Layer 2s faster and cheaper.

Read also: Buying Bitcoin (BTC) and Ethereum (ETH) Right Now Could Be a Costly Mistake, Analysts Warn

Where Could Ethereum Price Go From Here?

Ash Crypto’s comparison to 2022 is compelling. The June bottom, the August rally, the higher low – the patterns are lining up. Below are our (current) Ethereum price predictions:

Bullish scenario: If the 2022 pattern repeats, ETH could rally to $2,400–$2,800 by August. A more aggressive move to $3,400 is possible but would require strong volume and positive macro catalysts. The Institutional launch and Glamsterdam upgrade provide fundamental support.

Neutral scenario: ETH consolidates between $1,700 and $2,000. The summer months are historically quiet. Traders wait for the Glamsterdam upgrade and institutional adoption to play out. A gradual grind higher is more realistic than a parabolic rally.

Bearish scenario: The 2022 pattern fails. ETH fails to break above $1,800 and rolls back toward $1,500. A break below $1,500 would invalidate the bullish thesis and open the door to $1,350.

Our take: Ash Crypto’s analysis is grounded in historical precedent. The 2022 pattern is a legitimate comparison. The bottom in June, the rally into August, the higher low – all are playing out similarly. A move to $2,400–$2,800 is realistic. The $3,400 target is optimistic but not impossible.

The Glamsterdam upgrade and the Institutional launch are positive catalysts. The market is starting to price in the recovery.

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