While Ethereum Price Rally has been stagnant over the past 15 days, Polymarket Traders and Technicals show more benefits in the coming weeks.
Ethereum (ETH) traded at $2,550 on Saturday. This month’s high is a few points at $2,735. This year it jumped 85% from the lowest level.
Most polymeric kettle traders expect ETH prices to jump to $4,000 in 2025. Polls show that the probability of the event has risen to 40% from a low of 16% last month. These odds are at their highest level since March 1st. Moving to $4,000 means a 60% spike from the current level.
Polymarket brings the chances of Ethereum prices to $5,000 for 25% and $6,000 for 17%. Meanwhile, the chances of crashing to $1,000 have been reduced to 16%.
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There are signs that Ethereum basics have improved over the past few weeks. Nansen’s data, for example, shows that the number of transactions on the network has increased by 35% to 39 million over the past 30 days. Active addresses increased by 0.4% to 6.7 million.
Additionally, Spot Ethereum ETFs have begun to attract influx. This week they added more than $238 million in assets, bringing their cumulative total to $2.76 billion. BlackRock’s ETHA has $3.4 billion in assets, while Grayscale’s Ethe and ETH have $2.9 billion and $1.28 billion, respectively.
Ethereum price technology analysis
ETH Price Chart | Source: crypto.news
The technology points to a greater rise in ETH prices over the coming months. Earlier this month, the 50-day Arnaud Legoux Moving Averages crossed each other, forming a golden cross.
Ethereum also forms a bullish flag pattern on daily charts. The flagpole began earlier this month and peaked at $2,736, a 50% Fibonacci retracement level. Recent integration is part of the formation of the flag.
So the coin could rebound in the next few days or weeks. Moves beyond the 50% retracement at $2,736 indicate more profits, potentially at $3,052 retracement points of 61.8%. If you rise above that retracement, the more benefits will be $4,000.
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