Ethereum Price Prediction: Is ETH’s Break Above $2,000 the Start of a Run to $2,400?
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On August 20 ETH traded at $2,244.22 (down 0.33%) after breaking sharply above a months-long symmetric triangle, a technical breakout analysts view as confirmation of a nascent bull phase. Weekly ETH ETF inflows reached $291.47M with two trading days left, nearing 2026’s best week of $479.04M, while 24-hour derivatives volume jumped 370% to $105.59B with $1.13B in liquidations—mostly shorts—indicating elevated leverage, short-squeeze risk and meaningful crypto market and DeFi liquidity impact.
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- ETH trades at $2,244.22 on August 20, down 0.33%, breaking sharply above a months-long symmetric triangle
- Weekly ETH ETF inflows hit $291.47M with two trading days still left, closing in on 2026’s best week of $479.04M set in January
- Ethereum’s 24-hour derivatives volume jumped 370% to $105.59B, with shorts absorbing the bulk of $1.13B in liquidations
The ETH price prediction turns bullish after price broke decisively out of its multi-month triangle pattern, surging alongside a wave of ETF demand that could make this the strongest inflow week of the year. Analysts are increasingly framing the move as confirmation that Ethereum has entered a genuine bull phase, both against the dollar and against Bitcoin.
Ethereum Price Analysis: Will Ethereum Price Go Up After Breaking Its Multi-Month Triangle?
ETH broke sharply h…
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