Myriad Traders Flip Bullish on Ethereum Amid Rebound to $2,300

By Decrypt Agent

Ethereum’s latest rebound is now being echoed in prediction market positioning, with Myriad traders leaning toward an upside break to $3,000 over a downside move to $1,500.

At time of publication, ETH was traded around $2,330, up around 2.6% in the past day and over 12% on the week, according to CoinGecko data. On prediction market Myriad, owned by Decrypt’s parent company Dastan, users put a 54% chance on Ethereum’s next move taking it to $3,000 rather than $1,500—up from lows of 37% yesterday.

Broader demand signals in spot and fund flows remain part of the setup, with digital asset investment products posting a third straight week of inflows as they drew in $1.06 billion, according to CoinShares. Of that figure, some $315 million was tied to Ethereum exposure, with CoinShares Head of Research James Butterfill citing new U.S. staking listings as having underpinned the move.

Digital asset treasury BitMine Immersion Technologies also reported another large weekly ETH purchase—60,999 ETH, about $138 million at disclosed values—adding to treasury-side accumulation data as Ethereum reached a six-week high. Earlier this week, the Ethereum Foundation disclosed that BitMine had made a direct purchase of 5,000 ETH, worth around $10.2 million, from the Foundation earlier in the week.

Speaking at the time of the firm's weekly ETH purchase, BitMine Chairman Tom Lee noted that Ethereum prices had "showed resilience" in the face of "rising war concerns and surging oil prices," adding that the firm anticipates that crypto prices are in the "late/final stages of the 'mini-crypto winter.'"

Recommended News