Ethereum Not Expected to See New All-Time High in 2024, According to Polymarket

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. SEC Delays Decision on Ethereum Options to November
  2. Polymarket Predictions on New Ethereum ATH
  3. Ethereum Price Stabilizes at $2,600-$2,700


    4. Despite a recent 15% rally in Ethereum, its price has settled between $2,600 and $2,700 this week. The largest altcoin has a market cap of $316 billion and has facilitated over $15.7 billion in trading volume over the last 24 hours.

    SEC Delays Decision on Ethereum Options to November

    According to a filing released on September 24, the US Securities and Exchange Commission (SEC) announced a delay in its decision to approve options trading for spot Ethereum ETFs. The decision, originally expected by September 26-27, has been extended to November 10-11 under Section 19(b) (2) of the Securities Exchange Act.

    Polymarket Predictions on New Ethereum ATH

    Following the SEC announcement, the odds of Ethereum reaching a new all-time high (ATH) in 2024 significantly changed on Polymarket. According to the world's largest prediction market, the current odds of Ethereum missing out on a new ATH in 2024 are 85%, compared to 71% a week ago. Only 14% placed bets for a new ATH outcome, and less than 1% had unrealistic hopes for a new ATH within the next five days.

    Ethereum Price Stabilizes at $2,600-$2,700

    After reaching a recent high of $2,702 on Monday, Ethereum has remained sideways over the past 48 hours, indicating a potential period of distribution between buyers and sellers. Since mid-September, Ethereum's price has moved up by 14%, prompting expectations of profit-taking within this range before a potential decline to liquidity lows at $2,500.

    In summary, despite recent market activity and gains, predictions remain pessimistic regarding a new all-time high for Ethereum in 2024.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Bitget Launches Open Custody Network to Enhance Trading Security

On November 5, Bitget announced the launch of its Open Custody Network (OCN), designed to connect external banks and institutional custodians with its trading infrastructure to enhance security and operational independence in cryptocurrency trading.

user avatarMiguel Rodriguez

Circle Plans Acquisition of Tazapay to Enhance Payment Solutions

Circle plans to acquire Tazapay to enhance cross-border payment solutions, with completion expected in 2027.

user avatarDavid Robinson

Circle's Financial Performance Shows Growth Amidst Changing Market Dynamics

Circle's financial performance shows growth with a net income of 226 million and adjusted EBITDA rising by 85% to 317 million.

user avatarArif Mukhtar

BVNK Launches Open USD for Eligible Business Customers

BVNK has launched Open USD (OUSD) for eligible business customers, allowing them to mint, redeem, hold, and transfer OUSD across multiple blockchain networks.

user avatarLuis Flores

Circle Reports Significant Growth in USDC Onchain Transaction Volume

Circle reports a 49% year-over-year increase in USDC onchain transaction volume for Q3 2026, reaching 139 trillion.

user avatarMaria Gutierrez

Cipher Digital Advances Colchis Project with Conditional Baseload Classification

Cipher Digital reports conditional baseload classification for its 1-gigawatt Colchis project and is developing pipelines for future expansion.

user avatarAndrew Smith

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.