Ethereum Faces $1,000 Doomsday Scenario by 2025—Polymarket Bets on the Bleak

Prediction markets sound the alarm: Ethereum’s price could nosedive to $1,000 within the year. Polymarket’s latest odds suggest traders are hedging against a crypto winter sequel—just as Wall Street ’experts’ start recycling their ’blockchain revolution’ PowerPoint decks.

Is this the smart money calling the top, or another overhyped overcorrection? Either way, the degens are placing their bets.

The weekly chart shows that Ethereum price may drop to $1,000

The recent Ethereum price rebound may be part of a dead cat bounce or a bull trap, as the weekly chart suggests further downside. It formed a triple-top chart pattern at $4,010, its highest level in March, May, and November last year. The neckline of this pattern is at $2,130, its lowest swing since August 5.

The distance between the triple-top point at $4,010 and the neckline was about 47.26%. Measuring that distance from the neckline at $2,130 suggests the next target could be around $1,093. A drop below that level would point to further downside toward the psychological level at $1,000.

The bearish outlook toward $1,000 would become invalid if the coin jumps above the neckline at $2,130.