Ethereum Price Prediction This Week: Can ETH Break Above $2k?

Ethereum price fell 1.91% to $1,839 on Monday, extending pressure after last week’s broader market decline. 

Bitcoin price stood at less than $63,000, and XRP price traded at close to $1.06 following the recent selling off. Ether is currently trading below its recent $1870-$1,900 consolidation point. The key near-term weekly recovery target is the $2,000 level.

Ethereum Targets $2,000 as CLARITY Act Window Narrows

Ethereum price needs to regain the $1,870 to $1,900 region to enable traders to consider a rise beyond $2,000. Continued trading below that range could keep sellers active and delay a weekly rebound.

Market sentiment can be impacted by regulatory developments. Monday’s Senate schedule includes only a spending bill and excludes the CLARITY Act.

CLARITY Act Absent from Monday’s Senate Schedule, Facing a Critical 72-Hour Window Before Recess

Monday’s Senate schedule lists only a vote on a spending bill, with no action on the CLARITY Act. If an ordinary cloture motion is filed on Wednesday, Aug. 5, the Senate could hold a… pic.twitter.com/Y9J8Xd8WKT

— Wu Blockchain (@WuBlockchain) August 3, 2026

Lawmakers have a slender window to work with before the Senate recess starts on August 10. A standard cloture motion, which was filed Wednesday, August 5, might result in a procedural vote by Friday, August 7.

That vote would only decide whether the Senate proceeds with the legislation. It would not represent final passage.

To expedite the process, supporters might seek a bipartisan petition or unanimous consent. Nevertheless, the bill should proceed prior to recess to prevent stalling.

Ethereum ETFs Record $9.03M Inflows as Total Assets Reach $10.23B

Ethereum spot ETFs recorded $9.03 million in net inflows on July 31, according to SoSoValue data. The cumulative net inflows were 11.21 billion and the total trading volume was 630.44 million. Together, the net assets amounted to 4.55% of the market capitalization of Ethereum, which is equivalent to $10.23 billion.

BlackRock’s ETHB led daily inflows with $15.38 million, lifting cumulative inflows to $544.23 million. ETHW recorded an outflow of 2.54 million, and ETH and Fidelity recorded withdrawals of Grayscale and Fidelity, respectively. ETHA was the most significant fund with a net asset of 5.42 billion and a cumulative inflow of 11.45 billion.

Is Ethereum Price Preparing for a 10% Rally?

The ETH price traded at $1,840 after slipping below the nearby $1,860 resistance level. ETH now remains close to the $1,800 support zone, which could guide its next move.

A recovery of more than $1,860 would provide a way of approaching the higher resistance of $1,920. The buyers would then focus on an entry point of $2,000, which is a projected 9% of the increase in the entry point as per the long-term ETH projection. Nonetheless, ETH has to maintain a momentum above $1,920 before the reaffirmation of a wider bullish breakout.

Technical indicators continue to reflect short-term outlook over the last session. The MACD line remained lower than its signal line and the histogram remained a little negative. 

In the meantime, the RSI was around 40 which represented weak demand, though not oversold. A lower break at a level less than $1,800 would reduce the strength of the bullish formation and put more pressure on selling.