Will Ethereum dip to $1,600 March 2-8?

The market strongly favors Ethereum not dipping to $1,600 this week.

With a market probability of 99.95% for NO, it indicates a strong consensus against Ethereum dipping to $1,600 from March 2-8. The Pulse AI also aligns closely with this sentiment, suggesting minimal likelihood of a dip, although it assigns a slightly higher probability to YES at 1%. Overall, the market appears fairly priced with a confidence level of 80 out of 100.

• 1 Market sentiment heavily favors Ethereum maintaining above $1,600.
• 2 The confidence level of 80/100 suggests a strong belief in the market's position.
• 3 Current trading conditions show low liquidity for a dip scenario.
• 4 Historical trends indicate Ethereum's resilience around this price point.
• 5 Time pressure is minimal with only 3 hours until expiry.

This market will immediately resolve to "Yes" if any Binance 1 minute candle for Ethereum (ETH/USDT) during the date range specified in the title (from 12:00 AM ET on the first date to 11:59 PM ET on the last) has a final "Low" price equal to or lower than the price specified in the title. Otherwise, this market will resolve to "No."

The resolution source for this market is Binance, specifically the ETH/USDT "Low" prices available at https://www.binance.com/en/trade/ETH_USDT, with the chart settings on "1m" candles selected on the top bar.

Please note that the outcome of this market depends solely on the price data from the Binance ETH/USDT trading pair. Prices from other exchanges, different trading pairs, or spot markets will not be considered for the resolution of this market.