Ethereum’s ATH Prospects Dim: Skepticism Rises Amidst Shifting Trader Sentiment

Despite its recent surge towards a new all-time high (ATH), Ethereum faces a growing wave of caution from traders. Market prediction markets reveal a sharp decline in expectations for ETH to reach the $5,000 mark by August’s end, with odds dropping significantly from 64% to just 26%. This shift reflects uncertainty stemming from recent price fluctuations and rising geopolitical concerns.