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Ethereum price drops below $2,600 amid mixed prediction market outlooks for year-end targets.

Market News
08 Oct 2026, 09:30 WIB
Bitcoin
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Bearish
Ethereum price drops below $2,600 amid mixed prediction market outlooks for year-end targets.

Ethereum's price fell below $2,600 after six consecutive days of outflows from U.S. spot ether ETFs, signaling selling pressure. Prediction markets show divided sentiment: Myriad traders give a 73.7% chance of ETH hitting $3,000 before dropping to $1,500, Polymarket assigns a 49% chance of reaching $3,000 by year-end, and Kalshi forecasts a more modest year-end price near $2,720. Despite the recent selloff, traders remain uncertain but optimistic about Ethereum's potential recovery and price trajectory into 2027.

Ethereum trades at Rp45.783.784 on Pluang as of Oct 08, 2026 13:41 WIB, down 2.09% in the last day. Despite the recent price drop noted in the article, Pluang data shows a majority of traders (68%) are buying ETH, with a typical hold time of 107 days. This suggests ongoing interest in Ethereum even as prediction markets remain divided on its near-term price direction.

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