Ethereum Price Prediction: Polymarket Gives 62% Odds ETH Hits $2,350 Today As Rising Wedge Tightens
ETH trades at $2,323, up 1.48%, pressing against the 100-day EMA at $2,349 inside a rising wedge with the Supertrend at $2,084 bullish.Polymarket gives 62% odds ETH hits $2,350 today and 15% odds for $2,500 by May 3, with $2,200 the most consensus downside level at 26%.Shorts absorbed $37.96M in 24h liquidations against $23.58M for longs as options volume jumped 35% to $979.03M. Ethereum trades at $2,323 on April 29, up 1.48%, pushing toward the 100-day EMA at $2,349 as Polymarket traders give 62% odds the current session closes above $2,350, with the rising wedge on the daily chart tightening toward a resolution that the derivatives market is actively positioning around. ETH Daily Chart: Rising Wedge Presses Into The 100-Day EMA ETH has been building a rising wedge since the January low near $1,800, with the lower boundary rising from that base and the upper boundary capping rallies since late March. Price at $2,323 is pressing against the upper boundary of the wedge and the 100-day EMA at $2,349 simultaneously, the tightest the pattern has been since it formed. The Supertrend at $2,084 flipped bullish in early April and has been rising below price through the entire recovery. The 20-day EMA at $2,296 and