Ether Eyes $5,000 as Prediction Markets Bet Big

- Prediction platforms place strong confidence in ETH hitting $5,000 by August 31, 2025. - Rising institutional interest and technical patterns fuel bullish sentiment. On August 14, 2025, traders on prediction platforms like Polymarket and Kalshi showed strong confidence that Ether (ETH) will reach $5,000 by August 31, 2025. This sentiment reflects growing optimism, even with ETH currently trading below $4,600, while the probabilities for various price targets suggest a substantial belief in its upward trajectory. According to data from Polymarket on August 14, traders assigned a 64% probability that Ether will hit $5,000 by the end of the month. Further forecasts on the platform showed a 90% likelihood for ETH to reach $4,800, 31% for $5,400, and 18% for $5,800. In addition, broader sentiment strengthens the bullish outlook, as users assigned an 87% probability that ETH will achieve a new all-time high during this period. Kalshi echoed this confidence, reporting on the same day a 92% probability of Ether hitting a record high before September 2025. This optimism is reportedly driven by several factors, including technical chart patterns, heightened institutional interest, and positive on-chain metrics that propel ETH's upward momentum. However, despite the bullish forecasts, analysts warn of potential price corrections during the rally. They are watching key levels, including the previous record weekly close at $4,600 and a critical psychological barrier around $4,000. If ETH fails to hold these support zones, it could retrace into the $4,000–$4,400 range. Therefore, analysts stress that Ether must turn the $4,631 level into firm support to sustain its push toward price discovery. According to CoinMarketCap, as of 17:09 UTC on August 14, 2025, Ethereum (ETH) was trading at $4,528.74. Meanwhile, its 24-hour trading volume had declined by 3.86%.