NewsletterPolymarket Traders Bet Ethereum Price to Hit $5,000 as Bullish Pattern Forms
Highlights
- Ethereum price could jump to $5,000 before the year ends, according to Polymarket traders.
- The coin has formed a bullish flag pattern on the daily timeframe chart.
- Ethereum supply on exchanges has continued falling in the past few months.
Ethereum price rose for five consecutive days, reaching its highest level since Oct. 13. This recovery mirrored the rebound among other altcoins after the encouraging US inflation report. Polymarket traders are betting that ETH price will hit $5,000 this year.
Frequently Asked Questions (FAQs)
1. What is the most likely Ethereum price forecast?
2. Is ETH a good token to buy and hold?
3. What are the catalysts for the Ethereum price this year?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Related Articles
- Breaking: U.S. Jobs Data Comes In Above Expectations, Bitcoin Price Rises
- Bitcoin Risks Deeper Fall on $20 Billion Crypto Hedge Fund Redemptions
- Crypto Attack of the Century? Solana Network Resists Historic DDoS With Zero Downtime
- Shiba Inu News: SHIB Scores Major Win With U.S. Regulated Derivatives Launch
- Strategy’s mNAV Slips to Lowest Ever as MSTR Stock Falls 8%, Will Michael Saylor Sell Bitcoin?
- Pi Network Stares at a 20% Crash as Whale Buying Pauses and Demand Dries
- Here’s How Dogecoin Price Could Rise After Crossing $0.20
- Is XRP Price Headed for $1.5 as Whales Dump 1.18B XRP in Just Four Weeks?
- Bitcoin Price Weekly Forecast as Gold’s Surge Revives Inverse Correlation — Is $85K Next?
- Ethereum Price Risks $2,600 Drop Despite JPMorgan’s New Fund on its Network
- Analyst Confirm Pi Network Price Could Still Reach $1, Here’s When?
