{"id":784,"date":"2025-05-24T17:44:42","date_gmt":"2025-05-24T17:44:42","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ethereum-forms-bullish-setup-polymarket-traders-eye-4k\/"},"modified":"2025-05-24T17:44:42","modified_gmt":"2025-05-24T17:44:42","slug":"ethereum-forms-bullish-setup-polymarket-traders-eye-4k","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ethereum-forms-bullish-setup-polymarket-traders-eye-4k\/","title":{"rendered":"Ethereum forms bullish setup, Polymarket traders eye $4k"},"content":{"rendered":"
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Ethereum price rally has stalled in the past 15 days, but Polymarket traders and technicals point to more upside in the coming weeks.\u00a0<\/p>\n

Ethereum (ETH) traded at $2,550 on Saturday, a few points below this month\u2019s high of $2,735. It has jumped 85% from its lowest level this year.\u00a0<\/p>\n

Most Polymarket<\/a> traders believe that ETH price will jump to $4,000 in 2025. A poll shows that the odds of this happening have risen to 40% from last month\u2019s low of 16%. These odds are at their highest level since March 1. Moving to $4,000 would imply a 60% surge from the current level.<\/p>\n

Polymarket places the odds of Ethereum price hitting $5,000 at 25% and $6,000 at 17%. On the other hand, the odds that it will crash to $1,000 have fallen to 16%.<\/p>\n

<\/p>\n

There are signs that Ethereum\u2019s fundamentals have improved in the past few weeks. For example, Nansen data shows that the number of transactions on the network has grown by 35% in the last 30 days to 39 million. Active addresses have increased by 0.4% to 6.7 million.<\/p>\n

Additionally, spot Ethereum ETFs have started attracting inflows. This week, they added over $238 million in assets, bringing the cumulative total to $2.76 billion. BlackRock\u2019s ETHA has $3.4 billion in assets, while Grayscale\u2019s ETHE and ETH have $2.9 billion and $1.28 billion, respectively.\u00a0<\/p>\n

Ethereum price technical analysis<\/h2>\n
<\/source><\/p>\n<\/picture>
ETH price chart | Source: crypto.news<\/figcaption><\/figure>\n

Technicals point to more ETH price gains in the coming months. It formed a golden cross as the 50-day and 200-day Arnaud Legoux Moving Averages crossed each other earlier this month.\u00a0<\/p>\n

Ethereum is also forming a bullish flag pattern on the daily chart. The flagpole started earlier this month and peaked at $2,736, the 50% Fibonacci Retracement level. The recent consolidation is part of the flag formation.<\/p>\n

Therefore, there\u2019s a chance that the coin will rebound in the next few days or weeks. A move above the 50% retracement at $2,736 will point to more gains, potentially to the 61.8% retracement point at $3,052. Rising above that retracement will point to more upside to $4,000.<\/p>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Ethereum price rally has stalled in the past 15 days, but Polymarket traders and technicals point to more upside in the coming weeks.\u00a0 Ethereum (ETH) traded at $2,550 on Saturday,…<\/p>\n","protected":false},"author":1,"featured_media":675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=784"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/784\/revisions"}],"predecessor-version":[{"id":785,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/784\/revisions\/785"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/675"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}