According to the PPP prediction market monitoring tool, Polymarket's market for ETH dropping to $2,400 in the remaining days of August now shows a 30% probability, down 31% in the past 24 hours. The odds of falling to $2,300 are just 4%, down 4% in the same period. The market settles based on Binance's ETH/USDT 1-minute candlestick high price. Within the specified window — from 00:00 ET on August 1 to 23:59 ET on August 31 — if any 1-minute high reaches the target price, the market resolves to Yes; otherwise, No. Other exchanges and pairs are ignored. A 30% yes-probability implies a 70% chance of ETH holding above $2,400 for the rest of the month. The sharp reduction in the odds over a single day is a key takeaway from the data. The market's binary structure means only two outcomes are possible, and the current pricing is derived directly from the latest updates to the underlying Binance price feed. The figures come from the PPP tool and were distributed via an Odaily newsflash.
According to the PPP prediction market monitoring tool, Polymarket's market for ETH dropping to $2,400 in the remaining August trading period now carries a 30% probability, down 31% in the past 24 hours. The chance of a drop to $2,300 stands at only 4%, down 4% over the same stretch.
The market uses Binance's ETH/USDT pair as its reference. Under the settlement rules, during the designated month — from 00:00 on the 1st to 23:59 on the last day, Eastern Time — if any 1-minute candlestick high reaches or exceeds the target price, the market immediately settles to Yes, otherwise No. Only the 1-minute High price from Binance ETH/USDT is considered; prices from other exchanges or trading pairs are not included.
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