People’s faith in Ethereum’s price reaching $5,000 in 2025 has been shaken.
The chances of Ethereum reaching the coveted $5,000 mark in 2025 are fading, despite the flat.
After ETH’s price corrected following its all-time high of $4,955 on August 24, the market quieted, with the coin’s value up only 6% over the past month. The drop in volatility has dispelled confidence that Ethereum could break the $5,000 barrier by the end of the year. Therefore, users polymarket began to bet on the opposite outcome.
The shift in the balance of power between bulls and bears in the prediction market has led to a 21% decrease in the probability of ETH reaching $5,000. On August 23, the chance of this happening reached 92,5%, but now it is estimated at only 73%. If this continues, the probability of this outcome will soon drop to 50%, thus becoming similar to the chance of getting heads or tails on a coin toss.
Ethereum Price Probability of Reaching $5,000 Fluctuates
Currently, the ETH rate is only 11,6% away from $5,000, and polymarket Breaking this threshold is considered the most likely of the presented scenarios. However, a decrease in trading volume, the formation of a contracting triangle on the chart, and other negative factors question the possibility of the cryptocurrency rising to this level.
Contracting triangle on the Ethereum price chart
