Ethereum’s resurgence has brought a wave of new trader interest to prediction markets, with massive trading volumes seen on Polymarket and Kalshi. Open interest in Ethereum has broken through $20 billion, a clear indication that the market is participating heavily. Traders are placing big bets on where they think Ethereum will be trading in the future. They forecast their price hitting $1,000 to $6,000 by the end of 2025. These three very different predictions are indicative of the uncertainty and excitement around just how high Ethereum could soar in the coming months.

Polymarket: Bullish Sentiments

Polymarket data shows that there’s a wide range of expectations for what Ethereum will be worth. In fact, 16% of traders are really bullish, wagering on Ethereum hitting $6,000 or more by the end of 2025. A touch more conservative, 21% of traders believe that Ethereum will reach $5,000 by the same cut-off date.

These shorter-term predictions are popular among bettors, with one in four betting on Ethereum crossing the $3,000 mark by 6/30/2025. Polymarket has raised a total of $6.45 million. This is an intentional focus on bearish and bullish extreme cases for ETH’s price on or around December 31, 2025.

Kalshi: Varied Expectations

Kalshi presents a different set of predictions. With Ethereum on the rocks, only 31% of merchants are certain that Ethereum will hit $4,500 by the top of 2025. At the same time, 35% of the stakes expect to see Ethereum back at $4,000 by that same deadline.

Curiously, 21% of traders on Kalshi agree with the $5,000 target by the end of 2025. Traders have vastly different views on Ethereum and what it can become. Thirty-eight percent think it can reach $4,000 by the end of the year, while 24% expect it will increase to $5,000 and 16% are betting on a jump to $6,000. Kalshi odds predicted chances as of the ICE announcement deadline of December 31, 2025. As of this article’s publication, the total amount bet is $321,301.

Market Dynamics and Future Outlook

That very active betting on Polymarket and Kalshi shows that Ethereum’s big moves are expected. The allocation of guesses across price ranges underscores the make-it-big or go-broke volatility of the crypto ecosystem. These platforms can give you a pretty good idea of what all the traders and investors are thinking about Ethereum’s potential.