Ethereum Traders Favor Dump to $1,500 as ETH Sinks to $2,057 on ETF Outflows

According to Myriad, a prediction market platform, Ethereum traders on Wednesday increasingly favor a price decline, with 63% odds betting on a drop to $1,500—up 13% in the last week. ETH was trading near $2,057, down 0.8% in 24 hours and over 10% in the last month.

Ethereum ETFs posted an 11-day losing streak with nearly $500 million in net outflows, according to Farside data, weighing on broader asset demand despite treasury firm BitMine Immersion Technologies' continued accumulation.