Ethereum Predictors Favor Drop to $1,500 Over Rebound to $3,000 as ETF Outflows Continue
Predictors on Myriad, a prediction market platform, are increasingly betting on Ethereum's price dropping to $1,500 rather than rebounding to $3,000, with odds favoring a 'dump' at 63%, up 13% in the past week. Ethereum currently trades around $2,057, down 0.8% in the last 24 hours and over 10% in the last month. The recent decline is partly driven by nearly $500 million in ETF outflows over an 11-day losing streak, according to Farside data. Despite BitMine Immersion Technologies accumulating $230 million worth of ETH last week, broader demand remains weak. Bitwise Head of Research Ryan Rasmussen notes that while the bear market affects most crypto assets, Ethereum maintains strong fundamentals with stablecoins, tokenized assets, and institutional building activity. On Polymarket, odds of Ethereum falling to $1,500 in 2026 are 51%, while odds for reaching $3,500 or $4,000 are lower at 26% and 16% respectively. ETH is nearly 59% off its all-time high of $4,946, while Bitcoin is 40% off its peak.
Key facts
- Myriad odds for ETH dropping to $1,500 reached 63%, up 13% in a week.
- Ethereum trades near $2,057, down 10% in the last month.
- Ethereum ETFs saw nearly $500 million in outflows over an 11-day streak.
- BitMine bought $230 million ETH but broader demand remains weak.
- Bitwise expects ETH to rerate higher when the bear market ends.