Ethereum Traders Grow Increasingly Bearish as ETFs Bleed, ETH Sinks Near $2,000
Myriad prediction market users see a 63% chance that Ethereum will drop to $1,500 soon, reflecting rising bearish sentiment. Ethereum recently traded at $2,057, down over 10% this past month. Despite large purchases by BitMine Immersion Technologies, which now holds over $11 billion in ETH, demand has not increased more broadly. Ethereum ETFs have experienced net outflows for 11 consecutive days, totaling nearly $500 million withdrawn. Analysts note the broader bear market affecting all crypto assets, including Ethereum. Nonetheless, Ethereum retains a significant role in stablecoins and tokenized assets, and institutional development on its network continues. On Polymarket, predictors assign a 51% chance that Ethereum will fall to $1,500 during 2026, compared to a 26% chance of reaching $3,500 and a 16% chance of hitting $4,000. Currently, ETH remains almost 59% below its all-time high of $4,946, while Bitcoin is about 40% off its own record high.
