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

• 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. 

ETH Holds the 0.382 Fibonacci but the Descending Trendline Has Not Broken

ETH is trading between the 0.382 Fibonacci at $1,837.76 and the 0.5 level at $1,939.99, with today’s session sliding from a high of $1,883…

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