LiveSign inStart free
liveMarkets · checking every 6 hours

What price will Ethereum hit in October?

Polymarket traders price the chance of Ethereum reaching $2,700 in October at 93% as the asset trades near $2,666. The Layer 2 network Blast will wind down operations by Oct. 26 after determining that costs exceed revenue.

Updated Following since 0 developmentsWritten by software · not editor-reviewed · report an error

This monitor

Status
Live · checking every 6 hours
Updated
Next check
in 4 h
Closes by
Sources tracked
278
Polymarket92%↑ 2,700closes in 29 days$465K traded
  1. ↑ 2,70092%
  2. ↓ 2,60083%
  3. ↑ 2,80073%
  4. ↓ 2,50060%
  5. ↑ 2,90053%
  6. ↓ 2,40040%
market on Polymarket ↗

The story so far

written Oct 3

What is happening

Polymarket traders price the chance of Ethereum reaching $2,700 in October at 93% and $2,800 at 73% as the asset trades near $2,666 [4]. Citigroup raised its 12-month price target for Ethereum to $3,028 on Oct. 2, citing improved macroeconomic conditions and inflows into exchange-traded funds [2]. These price movements determine the settlement of prediction market contracts tied to specific price thresholds for the month [4].

What to watch

The Layer 2 network Blast will wind down its operations by Oct. 26 after determining that costs exceed revenue [1]. A separate process to address Ethereum issuance policy changes is expected to run through April following the withdrawal of a validator reward burn proposal on Oct. 1 [2][4].

Read the full brief · how we got here

How we got here

Ethereum traded at $2,666.38 on Oct. 1 [4]. The Ethereum Foundation launched zkAPI on Oct. 1, which allows users to pay for AI models on the mainnet using zero-knowledge proofs to maintain anonymity [3]. Authors of EIP-8363 withdrew a proposal to burn validator staking rewards from the upcoming Hegotá upgrade on Oct. 1, removing the change from the immediate network roadmap [2][4].

References · 4
  1. [1]theblock.co — Paradigm-backed Layer 2 Blast to wind down network as costs exceed revenue
  2. [2]coinmarketcap.com — Latest Ethereum News - (ETH) Future Outlook, Trends & Market Insights
  3. [3]theblock.co — Ethereum Foundation launches zkAPI to let users pay for AI models without revealing identity
  4. [4]theblock.co — Ethereum staking reward burn proposal EIP-8363 pulled from Hegota upgrade

Timeline

newest first
link

When we started following: Citi raises Ethereum target to $3,028 as Layer 2 Blast winds down operations

Ethereum traded at $2,666.38 on Oct. 1 [4]. Citigroup increased its 12-month price target for the asset to $3,028 on Oct. 2, citing improved macroeconomic conditions and inflows into exchange-traded funds (ETFs) [2]. The Ethereum Foundation launched zkAPI on Oct. 1, a system allowing users to pay for AI models on the mainnet using zero-knowledge proofs to maintain anonymity [3].

In network developments, the Layer 2 network Blast announced on Oct. 2 it will wind down operations by Oct. 26 because costs exceed revenue [1]. Additionally, authors of EIP-8363 withdrew a proposal to burn validator staking rewards from the upcoming Hegotá upgrade on Oct. 1, deferring the issuance policy change to a separate process expected to run through April [2][4]. These developments occur as Polymarket prices the outcome of Ethereum hitting $2,700 in October at 93% and $2,800 at 73%.

theblock.co1coinmarketcap.com2theblock.co3theblock.co4theblock.co5tlap.io6wavefibs.com7aitradelogic.com8coinglass.com9datawallet.com10tradingdigits.io11gate.com12coineye.io13coincheckup.com14mexc.com15blocknews.com16