Can Ethereum break its historical high in 2024? The market is largely bearish, with predicted contract trading volumes nearing $10 million!
According to Polymarket's predictive data, market sentiment has become apparent: there is an 80% probability that Ethereum (ETH) will not break its historical high before the end of 2024. This prediction has attracted significant attention from investors, and the corresponding predicted contract trading volume has already surpassed $9.646 million.
It seems that the market's expectations for ETH's future trajectory are not optimistic; at least in the short term, breaking the previous historical high appears to be quite difficult. Despite the continuous expansion of the ETH network ecosystem and advancements in Layer 2 solutions keeping Ethereum strong on a technical level, market sentiment tends to be conservative.
However, investors also need to recognize that market sentiment can reverse at any time. There are still many potential catalysts in 2024, such as Ethereum upgrades, new breakthroughs in the decentralized finance (DeFi) space, and even possible institutional investment entries, all of which could change market expectations.
Have the market underestimated Ethereum's potential, or is the pressure of the historical high too great? Let us wait and see. Follow the Hunter to capture market trends in real-time!
