Saturday эфириум traded at $2550, well below this month’s high of $2735. However, compared to the 2025 low Altcoyin increased in price by 85%.
Most of the traders are betting platforms polymarket believe that the price of ETH will rise to $4000 by the end of 2025, up 60% from its current level. The probability of this happening has risen to 40%, up from 16% in April. These odds are at their highest since March 1.
According to polymarket, the probability that the price Ethereum reaches $5000 is 25%, and $6000 is 17%. On the other hand, the chance that it will fall to $1000 has decreased to 16%.
There are signs that Ethereum’s fundamentals have improved in recent weeks. For example, Nansen data shows that the number of transactions on the network has grown by 35% over the past 30 days to 39 million. The number of active addresses has increased by 0,4% to 6,7 million.
Technical indicators point to further gains in ETH in the coming months. Earlier this month, the 50-day and 200-day moving averages formed a “golden cross.”
In other words, there is a possibility that Altcoyin will recover in the next few weeks. A move above the 50% retracement point at $2736 would signal further gains, possibly to the 61,8% retracement point at $3052. A move above that would signal a rally to $4000.
