The forecast for the historical maximum of Ethereum has fallen to 13% on Polymarket

AI Overview

According to BlockBeats, the probability that Ethereum will reach a new historical maximum (ATH) this year has significantly decreased on the prediction platform Polymarket. As of December 18, the probability that Ethereum will not reach ATH in 2024 has risen to 87%, while the probability that it will set a new record high has dropped to just 13%.

This shift in forecasts occurred after a noticeable change in market sentiment earlier this month. On December 7, the probability of Ethereum reaching ATH rose to 41% due to the prevailing market conditions at that time. However, since then, this optimism has waned, reflecting more cautious views 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 movement. This substantial participation underscores the importance of Ethereum's performance in the broader cryptocurrency market and the attention it attracts from both investors and traders.

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