Prediction markets show 38% of traders betting on Ethereum (ETH) reaching $4,000 by the end of July, making it the most probable outcome according to data from Polymarket as of July 29.
Higher price targets attract considerably less conviction from traders. Ethereum hitting $4,200 draws only 8% probability, while the $4,500 level commands just 2% confidence from market participants.
Meanwhile, more severe downside scenarios show minimal support. The odds of Ethereum falling to $2,200 or $2,100 both register at less than 1%, suggesting traders don’t anticipate a major correction despite the bearish lean toward lower price levels.
Ethereum price analysis
At press time, Ethereum was trading at $3,854, down 0.82% in the past 24 hours, but up 4.11% over the last week.
According to one cryptocurrency analyst, as reported by Finbold earlier today, $4,100 is the decisive resistance level that Ethereum must break to trigger its next major rally. A confirmed close above this zone could potentially pave the way toward $5,000 and beyond, though the analysis suggests Ethereum needs strong support above $3,800 to sustain upward momentum.
Meanwhile, on-chain data reveals that 1.28 million ETH was accumulated in July alone, with exchange-traded fund products recording net inflows totaling $1.28 billion, suggesting whales anticipate a breakout.
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