Endorsed by Gambling911

Bet on Will Ethereum hit $3,800 by Friday December 6

Written by:

Guest

Published on:

Dec/02/2024

Ethereum could see a new all-time high if it sustains a high volume move above a key descending trendline resistance. But $3800 by Friday?

E thereum Deposits and Payouts Welcome

The betting markets seem to think so.

Some $8,000 had been bet so far at Polymarket with 44% of those backing Etherum's price shooting above the $3800 mark by Friday.

Ethereum was down 2% on Monday.

Part of the boost could come with the SEC potentially approving the incorporation of staking into Ethereum ETFs.

"We believe, under a new Trump 2.0 crypto-friendly SEC, ETH staking yield will likely be approved," Bernstein analysts highlighted. As the Federal Reserve has begun cutting rates, ETH's average staking yield of 3% will prove attractive to investors and asset managers through better ETF economics, the analysts added.

Ethereum's weekly active addresses increased over 25% to 2.64 million in November.

This market will immediately resolve to "Yes" if any Binance 1 minute candle for Ethereum (ETHUSDT) between December 2, 2024, 14:00 and December 6, 2024, 23:59 in the ET timezone has a final "High" price of $3,800.00 or higher. Otherwise, this market will resolve to "No."

The resolution source for this market is Binance, specifically the ETHUSDT "High" prices available here, with the chart settings on "1m" for one-minute candles selected on the top bar.

Please note that the outcome of this market depends solely on the price data from the Binance ETHUSDT trading pair. Prices from other exchanges, different trading pairs, or spot markets will not be considered for the resolution of this market.

By Aaron Goldstein

Aaron is our long time business reporter. He resides in Jersey City, New Jersey.

Business/Financial News

Odds of a US Recession Continue to Rise as Tariffs Still a Threat

The IMF on Thursday said they believe global growth will be hurt by trade tensions but do no expect a recession.

US Recession Betting Odds Give 60% Chance for 2025

Bettors on prediction-market startup Kalshi are assessing the chances of the U.S. economy entering a recession this year at 70%.

Odds on Tariffs - Betting Markets

Facing a global market meltdown, Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised the tax rate on Chinese imports to 125%.

Bet on Will the Dow Jones Close Below 30,000 at Market Close Any Time in April

The people who set probabilities for a living are not painting a pretty picture for financial markets.

Looking for the best Pay Per Head Website?

The pay per head service has come to stay, as a great alternative for bookies who want to clear away from having to deal with the hassle and expense of having to establish their own land based operation but want to enjoy the benefits of having their own professional online presence.