Investors at Myriad Markets believe that the rally initiated by Bitcoin will continue in the short term.
At this point, investors predict that the $BTC price will “rise” to $84,000 and then fall to $55,000. This is because the $55,000 level was previously identified by the analytics firm CryptoQuant as the ultimate bottom of the bear market.
In contrast, investors do not show the same confidence in $ETH. At this point, they predict that the $ETH price will fall by approximately 25% from its current level to around $1,500 before a possible jump to $3,000.
Investors’ expectations for $ETH also align with Polymarket and Kalshi’s short-term market forecasts.
Kalshi forecasters rate the probability of $ETH trading above $2,500 in March at only 39%, while Polymarket users predict a higher probability of it trading below $2,400 throughout March.
Some Polymarket investors also claim that $ETH could lose its second-place position by market capitalization to another project this year.
*This is not investment advice.