Editor's PiCK
Polymarket: 65% chance for Ethereum (ETH) to reach $5,000 by the end of August
JH Kim
Summary
- Polymarket reported that there is a 65% bet on Ethereum (ETH) reaching $5,000 by the end of August.
- It was indicated that bets on the likelihood of reaching $4,800 by the end of August have reached 90%.
- Trader Rekt Capital diagnosed that for the rally to continue, $4,631 must become the new support level.
On the prediction market Polymarket, there is a 65% bet that Ethereum (ETH) will rise to $5,000 before the end of August.
According to cryptocurrency-focused media outlet Cointelegraph on the 14th (local time), bets on the likelihood that Ethereum will reach $4,800 by the end of August have reached 90%.
Popular trader Rekt Capital diagnosed that for ETH to continue rising, it must turn $4,631 into a new support level.
As of 01:00 on the 15th, ETH was trading at $4,618.69 on the Binance Tether (USDT) market, down 0.94% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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