Traders on Myriad assign 63% odds to Ethereum falling to $1,500 amid $500 million in ETF outflows over 11 days.
Ethereum prediction markets now favor a decline to $1,500 over a rebound to $3,000, with odds rising 13% in the past week. ETH traded at $2,057, down 0.8% in 24 hours and over 10% in the last month.
The shift follows $500 million in net outflows from Ethereum ETFs over an 11-day losing streak, according to data. Despite BitMine Immersion Technologies accumulating $230 million worth of ETH last week, broader demand remains weak.
ETH’s slide reflects broader bearish sentiment in crypto markets, with traders increasingly positioning for further downside.