Will $ETH hit $2000 or $4000 first? | Polymarket Tracker

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Summary

The discussion around the question "Will $ETH hit $2000 or $4000 first?" reveals diverse opinions. Several users express skepticism about $ETH reaching $4000 soon, citing the need for a bullish rally and positive market trends that are currently lacking. There is a prevalent notion that the market could fluctuate between $2000 and $4000 without hitting these benchmarks decisively, making shares bought under 50 cents potentially profitable if the market stabilizes at a midpoint. Some discuss strategies around market hedging and the possibility of either scenario occurring to capitalize on these lower-priced shares, while others maintain a bullish outlook on $ETH reaching $4000.

There is a consensus that the path to $4000 requires significant market changes, with some users suggesting better trades might be found elsewhere as ETH's current moves seem to indicate a more bearish short-term trend.
A segment of traders focuses on the strategic purchase of shares below 50 cents, betting on market stabilization between $2000 and $4000 to ensure profitability if neither target is reached.

Comments

yes, resolves to 50ct for both sides.

I mean, what does it mean for YES and NO share holders? Does it resolve to the equivalent of 50c?

Thanks -- so if you dont think either result will happen, any delta to 50c is a win.

if it doesnt break out of 2k-4k all shares will be worth 50 cents

EliteCryptoSignals

Technical analysis shows strong support for ETH at the $1000, $1500, and $2300 levels. ETH has been trading inside this channel for over two years now. After the recent touch of the support, the support has solidified itself even further. Another touch of the bottom support would potentially be great news for the bulls. Seeing that we already touched it recently, we can use the wick as a clear stop level. Target placed at the top of the channel, $5000. This will create a great trade with a RR of 8.5. Keep in mind that the support could potentially also break down. This would indicate a long-term bearish shift in trend.

if it doesnt break out of 2k-4k all shares will be worth 50 cents

What does resolve to 50-50 mean?

this market is very interesting!

VaithunPhuSang-Fabric

my efferiums b doing something

If you buy for 0.33 and the market goes 50-50 is that not a win for the 0.33 buyer?