Cryptocurrency prediction markets are forecasting that Ethereum’s (ETH) February downturn will persist through the rest of the month and that ETH will crash an additional 18% from its press time price of $1,950.
Such an expectation is consistent with the token’s recent price movements, as it is arguably the biggest loser among the largest digital assets by market cap. Since 2026 started, Ethereum is down 34.88%, while Bitcoin (BTC) fell 23.47% and XRP dropped 24.59%.
Crypto markets see 1/20 odds of ETH rally to $2,800 in February
Still, it is noteworthy that prediction traders on Polymarket are not particularly confident in their estimate for where ETH will land at the end of February. While it is true that a 18% drop to $1,600 is the most widely expected, the odds of actually hitting it are only at 29% at press time on February 11.
Other relatively popular forecasts are $1,400 – with 14% odds – $1,200 – with 5% – $2,800 – with 5% – and $3,000 – with odds of 3%.
Furthermore, all targets between $800 and $4,000 are considered at least somewhat plausible by the Polymarket cryptocurrency prediction markets, as they all have a chance of at least 1% of being reached.
In contrast, prices between $4,200 and $5,000 are, at press time, apparently considered completely implausible with odds of less than 1%.
It is also possible they have any backing due to the various trading bot strategies present on the market, as ‘yes’ might have been purchased for these simply due to the massive payout possible if ETH climbs above $4,200 somehow.
Similarly, the entire spread could easily be skewed by such strategies, though it is difficult to quantify to which extent.
Ethereum price prediction spread shows massive crypto market uncertainty
What is less difficult to determine is that the very wide spread of prices deemed at least somewhat plausible for Ethereum shows the degree of uncertainty prevalent in the cryptocurrency market on February 11.
On the one hand, the bloodbath that started in late January convinced many traders and analysts that the downward part of the standard digital assets cycle has begun in earnest and that the many coins and tokens are now headed toward new lows.
On the other hand, there is a strong sense that the situation is dramatically different for the sector in previous years due to heightened institutional adoption and acceptance, investment vehicles such as spot exchange-traded funds (ETFs) for the largest cryptocurrencies, and a more favorable regulatory climate.
Such bullish factors have led some experts and traders to believe the latest price crash is temporary and that digital assets can still achieve new all-time highs later in 2026.
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