Ethereum Faces Bear Market with 63% Odds of Decline to $1,500

Ethereum is currently trading around $2,057, with Myriad users assigning a 63% probability of the cryptocurrency falling to $1,500 rather than rebounding toward $3,000. According to NS3.AI, Farside data indicates that Ethereum ETFs have experienced nearly $500 million in net outflows over an 11-day losing streak. Bitwise Head of Research Ryan Rasmussen noted that Ethereum remains in a bear market but could see a rerating when crypto market conditions improve.