Background

Ethereum is the second-largest cryptocurrency by market capitalization, behind Bitcoin. It's a decentralized blockchain platform that enables smart contracts and decentralized applications (dApps). Ethereum underwent a significant transition from a proof-of-work to a proof-of-stake consensus mechanism with "The Merge" in September 2022, which reduced its energy consumption by approximately 99.95%.

Current price forecasts from various analysts suggest Ethereum may trade between $2,800 and $4,200 by March 2025, though cryptocurrency markets are notoriously volatile and unpredictable.

Resolution Criteria

This market will resolve as "YES" if the price of Ethereum (ETH) is above $2,500 USD at any point during March 1st, 2025 (UTC time zone).

The market will resolve as "NO" if the price of Ethereum remains at or below $2,500 USD throughout the entire day of March 1st, 2025 (UTC time zone).

For resolution purposes, the price will be determined by taking the volume-weighted average price across major exchanges including Binance, Coinbase, and Kraken. If there is significant price divergence between exchanges, the median price will be used.

Considerations

• Cryptocurrency prices can be highly volatile and influenced by various factors including regulatory changes, technological developments, market sentiment, and macroeconomic conditions.

• Potential catalysts that could affect Ethereum's price by March 2025 include further protocol upgrades, changes in institutional adoption, regulatory developments, and competition from other smart contract platforms.

• The market does not account for potential hard forks or rebranding of Ethereum. In such cases, the price of the token recognized as the main Ethereum chain by major exchanges will be used.