TOTAL VOLUME:
$134.1b
24H VOL:
$133,388,117
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,436,095,462
405,232
Markets across
30,526
events
MATCHED EVENTS:
2,693
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jul 12, 1:00 PM EST
Polymarket
This market will resolve to "Up" if the close price is greater than or equal to the open price for the ETH/USDT 1 hour candle that begins on the time and date specified in the title. Otherwise, this market will resolve to "Down". The resolution source for this market is information from Binance, specifically the ETH/USDT pair (https://www.binance.com/en/trade/ETH_USDT). The close « C » and open « O » displayed at the top of the graph for the relevant "1H" candle will be used once the data for that candle is finalized. Please note that this market is about the price according to Binance ETH/USDT, not according to other exchanges or trading pairs.
This market will resolve to "Up" if the close price is greater than or equal to the open price for the ETH/USDT 1 hour candle that begins on the time and date specified in the title. Otherwise, this market will resolve to "Down". The resolution source for this market is information from Binance, specifically the ETH/USDT pair (https://www.binance.com/en/trade/ETH_USDT). The close « C » and open « O » displayed at the top of the graph for the relevant "1H" candle will be used once the data for that candle is finalized. Please note that this market is about the price according to Binance ETH/USDT, not according to other exchanges or trading pairs.
Prediction market odds often diverge from spot price expectations because they incorporate forward-looking sentiment and uncertainty. While spot prices reflect current market conditions, this market aggregates trader beliefs about where Ethereum will trade at a specific future moment. Analysts and traders use both signals: spot prices show immediate demand, while prediction odds reveal longer-term conviction. The two can align or diverge depending on breaking news, macroeconomic shifts, or technical developments. Comparing them helps identify whether the market is pricing in optimism or caution relative to current levels.
On Polymarket, this market is priced through an automated market maker mechanism where traders buy and sell shares representing each outcome. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The price of each share reflects the probability assigned by the market; higher prices indicate stronger belief in that outcome. Traders profit by buying low and selling high, or by correctly predicting the outcome before resolution. Liquidity and trading volume directly influence how easily prices move, so active participation tightens spreads and improves price discovery.
This market resolves around Jul 12, 2026, at which point the outcome is determined by verifying Ethereum's price direction against credible public sources. Once the event occurs and the price movement is confirmed, the market settles and winning shares are paid out. Traders holding the correct outcome receive their winnings, while incorrect positions expire worthless. The resolution process is automated once the data is verified, ensuring all participants receive payouts fairly and transparently.
Major catalysts that could shift this market include regulatory announcements affecting Ethereum, macroeconomic data impacting risk appetite, technical developments on the network, and moves by large holders. Market-wide volatility, Federal Reserve policy shifts, or competing blockchain announcements can also trigger rapid repricing. Real-time news flow and social sentiment often drive short-term swings, while longer-term structural changes in crypto adoption or institutional interest may sustain directional moves. Traders monitor on-chain metrics, derivatives positioning, and correlation with traditional markets to anticipate shifts.