Ethereum Price Prediction: Can ETH Break $2,000 as ETH/BTC Ratio Forms a Cup and Handle?

Market Analysis Ethereum Price Prediction

Aug 3, 2026

< 1 min read

by Parshwa Turakhiya

for CoinEdition

Ethereum Price Prediction: Can ETH Break $2,000 as ETH/BTC Ratio Forms a Cup and Handle?

AI Overview

On August 3 Ethereum traded at $1,856.19, down 1.44%, consolidating between the 0.382 Fibonacci at $1,837.76 and the 0.5 level at $1,939.99 with RSI near 49.99 as a descending trendline from the May peak continues to cap recovery. Spot ETH ETFs posted $27.42M in net inflows for the week of July 31 marking a fourth consecutive positive week, and the ETH/BTC ratio is forming a cup and handle below the 0.030 neckline—an on‑chain breakout could signal near‑term ETH outperformance and boost crypto adoption and DeFi liquidity, but the unbroken trendline keeps upside uncertain.

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Ethereum fell 1.44% to $1,856 on August 3, consolidating between the 0.382 and 0.5 Fibonacci levels as RSI sits at a neutral 49.99
Spot ETH ETFs posted $27.42M in net inflows for the week of July 31, marking four consecutive positive weeks as Bitcoin ETFs snapped their streak
The ETH/BTC ratio is forming a cup and handle below the 0.030 neckline, with a breakout pointing to ETH outperforming Bitcoin near term

Ethereum trades at $1,856.19 on August 3, down 1.44%, consolidating inside a Fibonacci range between $1,837 and $1,939 as a descending trendline from the May peak continues to cap recovery attempts.