Polymarket Odds ETH Hits $2,400 in August Rise to 82%

Prediction-market pricing is itself a sentiment gauge, so the sharp repricing matters less as a forecast than as evidence that speculative positioning has turned decisively optimistic. What is notable is the speed of the move rather than the level, since a single-day swing of this size in a threshold contract often reflects momentum chasing rather than new fundamental information. Whether that optimism holds if the threshold is approached, or fades as August expires, is the open question.