ETH Will Power Finance, Former TD Ameritrade CEO Says—Then Why Are Polymarket Traders Betting On A Drop To $3,400?

Ethereum (CRYPTO: ETH) trades within a tight consolidation range as former TD Ameritrade CEO Joe Moglia says the entire financial system will eventually run on Ethereum.

Bears Bet on $3,400 Ethereum as Prediction Markets Shift

Polymarket traders show bearish positioning dominating October, with ETH holding a 29% chance of reaching $3,400, compared to a 20% chance of climbing toward $5,000.

ETH Future Price Prediction (Source: Polymarket)

Traders appear split as volatility compresses inside a symmetrical triangle that has defined price action since September.

ETH Price Analysis (Source: TradingView)

Technical Analysis: The $3,850–$3,975 band remains immediate support, overlapping with the bull market support zone on the weekly timeframe. 

Buyers continue …

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