Ethereum’s Price stalls, But Optimism Remains High
Ethereum (ETH) has seen its price plateau around $2,550, down slightly from its recent peak of $2,735. Despite this, the coin has still climbed 85% from its lowest point this year.
Polymarket traders are bullish on ETH’s future. They predict a rise to $4,000 by 2025
Ethereum’s price has paused around $2,550, a slight dip from its recent high of $2,735. However, it’s still up 85% from its lowest point this year.
Polymarket traders are optimistic about Ethereum’s future. They believe ETH could reach $4,000 by 2025. The odds of this happening have risen to 40%, up from 16% last month. This is the highest level since March 1. A move to $4,000 would mean a 60% increase from the current price.
polymarket also estimates a 25% chance of ETH hitting $5,000 and a 17% chance of reaching $6,000.The odds of it dropping to $1,000 have fallen to 16%.
There are signs that Ethereum’s fundamentals are improving. Nansen data shows a 35% increase in transactions over the last 30 days, reaching 39 million. Active addresses have risen by 0.4% to 6.7 million.
ethereum ETFs are also attracting more investors. This week, they added over $238 million in assets, bringing the total to $2.76 billion. BlackRock’s ETHA has $3.4 billion in assets, while Grayscale’s ETHE and ETH have $2.9 billion and $1.28 billion, respectively.
Technical analysis suggests more gains for ETH. A golden cross formed earlier this month, indicating a bullish trend.
Ethereum is also forming a bullish flag pattern on the daily chart. If ETH breaks above the 50% retracement at $2,736, it could reach the 61.8% retracement at $3,052. A move above that could push ETH towards $4,000.
