Market participants on prediction platform Myriad indicate a 63.6% likelihood that Ethereum will exceed its record high of $4,891 before year-end. Analysts attribute this bullish sentiment to favorable technical indicators combined with robust institutional interest in the cryptocurrency.
Recent technical analysis reveals Ethereum’s daily charts formed a ‘golden cross’ pattern—a traditional signal for upward momentum—while the weekly Relative Strength Index (RSI) stands at 69. This positioning suggests potential for further price appreciation despite current market conditions. The $4,000 level represents a critical resistance barrier where institutional profit-taking and heightened trading activity have historically slowed advances.
For Ethereum to confirm its breakout trajectory, traders are monitoring three essential thresholds: a sustained weekly close above $4,103, reliable support maintenance above $3,100, and an ADX (Average Directional Index) surge past 25 to signal strengthening directional momentum. These factors collectively would indicate robust trending conditions necessary to challenge previous peaks.
Myriad’s prediction market has recorded over $72,000 in trading volume, reflecting escalating confidence in Ethereum’s prospects. Should ETH breach its all-time high, traders holding affirmative positions stand to realize approximately 57% returns based on current market pricing dynamics.