$ETH

Market confidence in Ethereum (ETH) is strengthening. On the prediction platform Polymarket, traders estimate that the price of ETH will remain above US$ 2,500 today.

This prediction now shows a 72 percent chance, up 22 percent from a few days ago. This increase indicates a significant change in market sentiment, influenced by a combination of technical analysis and the optimism of market participants. According to coinedition.com, one interesting aspect is that this surge in confidence occurred despite a drop in Ethereum's price. This shows that many investors are starting to think longer term and are not easily swayed by daily movements.

Polymarket itself recorded a trading volume of US$ 674,000 for this prediction, a figure that reflects high participation and trader confidence in the US$ 2,500 price level as an important support and resistance.