It's obviously dangerous to give into the hype in crypto, but until recently $ETH sentiment on the prediction markets generally followed bitcoin and lagged a little most of the time. If it was above it usually was not by a large margin.
I think there are a lot of reasons that look bullish for eth these days. Staking, gas fees, infrastructure, institutions diversifying from Bitcoin.
I only hold ETH in spot, so the bag won't increase too much, but it would still be exciting to see ethereum decouple. Correlation has droped below 0.9 for the first time in months too.
Source: wangr.com/polymarket/ethereum
https://www.reddit.com/gallery/1qg5s1y
Posted by obolli
1 Comment
The spread on the strike prices upwards is also much lower on Ethereum than Bitcoin, i interpret this as polymarket traders being much more aggressively bullish on ETH too.