In brief
- Ethereum trades at $3,892 but faces massive market cap resistance.
- Gold’s nine-week rally just suffered its biggest drop in over a decade.
- Myriad prediction market odds favor ETH over gold. But it’s not an easy call. Here’s why.
The race is on, and $5,000 is the finish line. But which asset gets there first—gold or Ethereum?
On Myriad, the prediction market built by Decrypt‘s parent company Dastan, traders have placed their bets: 65.5% of the money is on ETH reaching $5,000 before gold does.
It’s a bold call considering gold, trading for $4,115 today, is closer to the target, despite registering its biggest one-day correction in over a decade. But the technical analysis reveals why crypto traders might be onto something—and why they could be spectacularly wrong.
Ethereum (ETH) price: Compression before explosion?
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Author: Jose Antonio Lanz
