Polymarket traders price 92% odds Ether hits $2,300 in November
Polymarket traders now assign a 92% probability that Ether will touch $2,300 at least once during November. The contract climbed 44 percentage points in 24 hours. Settlement uses one-minute Binance ETH/USDT candles. The pricing reflects bullish sentiment among crypto traders on the prediction platform. This is a sharp repricing from the October contract that tracked a lower strike. The November contract is already drawing volume comparable to the platform's established political and sports markets.
The 44-point jump in 24 hours shows prediction markets are functioning as a real-time sentiment layer for crypto traders, not just a political polling tool. The strike sits $100 above the October contract that expired days ago, yet probability is higher, suggesting traders see the recent price action as sustainable rather than a spike. For Kalshi and Polymarket, crypto contracts now drive weekly volume that rivals sports and politics without the state gambling lawsuits that shadow election markets.
But product fragmentation still blocks comparability: Polymarket uses one-minute Binance candles, Kalshi uses a different structure, and no single reference contract exists. The platform that standardizes a deep, liquid crypto strike could lock in recurring volume from traders who currently hop between venues for each bet. Kalshi and Polymarket's record $2.7 billion weekly crypto volume confirms the prize.