Ethereum Faces Bearish Forecast from Kalshi Traders

Ethereum (ETH) is facing a bearish forecast from Kalshi traders who predict it could drop to $1,170 by the end of the year.

The prediction, which has been circulating through crypto analytics discussions and market commentary channels, reflects growing caution among traders due to macroeconomic uncertainty.

Ethereum's competitive landscape is also adding pressure, with alternative blockchain networks offering faster transaction speeds, lower fees, and improved scalability solutions.

Traders are increasingly weighing concerns such as reduced network activity growth, competition from other ecosystems, and tightening global liquidity conditions.