The prediction market points to a potentially deeper Ethereum decline, underscoring how traders are using event-based contracts to price crypto downside risks.
Kalshi traders are forecasting that ETH could drop to as low as $1,300 this year. The call reflects sentiment in a prediction market, where participants buy and sell contracts tied to the likelihood of specific outcomes rather than trading the asset directly. The post does not provide a timeframe within the year beyond saying this year, or additional details on the contract's pricing or market size.