Ethereum’s Future Looks Shining: Polymarket and Technicals Predict Upward Trend
Ethereum’s (ETH) price has stalled recently, but traders and technical indicators suggest more upsides. As of Saturday,ETH traded at $2,550,a slight dip from its recent peak of $2,735. Though,it’s still up 85% from its lowest point this year.
Polymarket traders are optimistic.Thay predict a 40% chance that ETH will hit $4,000 by 2025, a significant jump from last month’s 16% prediction. This woudl represent a 60% increase from current levels. There’s also a 25% chance of ETH reaching $5,000 and a 17% chance of hitting $6,000.
- Polymarket sees a decreased risk of ETH crashing to $1,000, down to 16%.
- Nansen data shows a 35% rise in network transactions over the last month.
- Active addresses have increased by 0.4% to 6.7 million.
Spot Ethereum ETFs are also showing strength, with over $238 million in new assets this week. BlackRock’s ETHA holds $3.4 billion in assets,while Grayscale’s funds are considerable too.
technically speaking, ETH’s price looks strong. A golden cross has formed as the 50-day and 200-day Arnaud Legoux Moving Averages intersected. A bullish flag pattern forms on the daily chart, hinting at a potential rebound in the coming days or weeks. A breakout above $2,736 could lead ETH to $3,052, and possibly even $4,000.
Keep an eye on these key levels for Ethereum price chart to see if the predictions hold true.
