According to BlockBeats, the probability of Ethereum reaching a new all-time high (ATH) this year has significantly decreased on the prediction platform Polymarket. As of December 18, the likelihood of Ethereum not achieving an ATH in 2024 has risen to 87%, while the chance of it setting a new record high has fallen to just 13%.
This shift in predictions comes after a notable change in market sentiment earlier this month. On December 7, the probability of Ethereum reaching an ATH had surged to 41% due to prevailing market conditions at the time. However, this optimism has since waned, reflecting a more cautious outlook among market participants.
The total amount of money involved in these predictions has reached $10,195,803, indicating significant interest and investment in the outcome of Ethereum's price movements. This substantial participation underscores the importance of Ethereum's performance in the broader cryptocurrency market and the attention it garners from investors and traders alike.
