Polymarket Launches Ethereum Price Prediction Market

A Polymarket market has been launched for Ethereum price prediction, giving users a chance to forecast whether the cryptocurrency's value will increase or decrease within a specified time frame.

The resolution of this market is based on Chainlink data stream ETH/USD, which tracks the current price of Ethereum. It does not take into account other sources or spot markets.

According to Polymarket, if the Ethereum price at the end of the specified time range is greater than or equal to the starting price, the market will resolve to 'Up'. Otherwise, it will resolve to 'Down', indicating a decrease in value.