Polymarket Shows 56% of ETH Below $2K by May-End: Data Looks Grim
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Polymarket now assigns a 56% probability that Ethereum will fall below $2,000 by May-end as ETH has dropped 9% in the past week and trades around $2,100 per CoinMarketCap. On-chain data and Binance taker sell volume topping $1.1B point to aggressive CEX sell pressure, and analyst Ali Martinez warns of further downside targets at $1,900, $1,595 and $1,090, signaling heightened risk for crypto traders and potential market impact on DeFi and token adoption.
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- Polymarket traders now assign a 56% probability to Ethereum falling below $2K by May-end.
- Ethereum has dropped 9% in the past week as Binance taker sell volume broke $1.1B.
- Ali Martinez warns ETH could fall to $1,900, $1,595, or even $1,090 after a sell signal.
Ethereum traders are turning increasingly bearish as prices have crashed more than 9% in the past week. Notably, the prediction platform Polymarket now shows a 56% probability that Ethereum will fall below $2,000 before the end of the month.
Meanwhile, CoinMarketCap data shows ETH trading slightly above $2,100 at press time, while on-chain data and trading activity indicate aggressive selling pressure building across the market.
Binance Sell Pressure Accelerates
CryptoQuant analyst Amr Taha noted that Ethereum followed Bitcoin lower as taker sell volume surged on Binance. According to the analyst, Bina…
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