Market Update

Ethereum price of $ 1000 can be disrupted in 2025: polymarket

Etherum Price stopped to less than $ 2000 this week, and some signals indicate a possible decrease to $ 1,000 before reaching $ 4000.

ethereum (EthIt was circulated at 1810 dollars on Tuesday, which is a level that he kept for several days. This price is about 31 % higher than the lowest point this year.

A Polymers poll He explains that most users expect the currency to decrease to $ 1,000 this year, a step that represents a 45 % decrease from the current levels. The probability of the price decreased to $ 1,000 decreased by 39 %, while the chances of an increase to $ 4000 are 20 %.

Polymarket users appear diligently on ETHEREUM due to its weak light. The demand for investment funds circulated in Ethereum has faded, with all these money that record cumulative flows Only 2.4 billion dollars Compared to Bitcoin (BTC38 billion dollars.

Moreover, it was ethereum Selling coinsInvestors look at the red flag.

ETHEREUM also lost its market share in industries such as decentralized financing and games to other Layer-1 and Layer-2 networks such as base, definition and Solana. Even these concerns prompted Charles Hoskinson, the founder of Cardano, to predict that Ethereum will not survive for another 10 to 15 years.

Moreover, ETHEREUM is not generated by the most revenue in the past. It has produced $ 245 million so far this year, which is much lower than other network revenues, including Lido, Uiswap, Solana, Jito, Circle and Tron.

The weekly plan shows that the price of Ethereum may decrease to $ 1,000

ETH price scheme | source: Crypto.News

The last ETHEREUM price recovery may be part of the dead cat or bull trap, as the weekly graph indicates more negative side. The triple graph style formed at $ 4.010, and its highest level in March, May and November last year. The neckline of this style is $ 2,130, and it is the slightest swing since August 5.

The distance between the triple point was at $ 4,010 and the neck line was about 47.26 %. The measurement of that distance from the neckline at $ 2,130 indicates that the next goal may be about $ 1093. Less decrease in this level will indicate the negative side to the psychological level at $ 1,000.

The downward expectations will become about $ 1,000 if the currency jumps over the neck line at $ 2,130.

https://crypto.news/app/uploads/2024/11/crypto-news-is-Ethereum-dying-option01.webp

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