Base's Longshot Prediction Market Launches Amid Bullish Ethereum Price Action

A new prediction market has launched on Base, called Longshot, at longshot.xyz. According to the launch announcement, users can participate in free and paid contests, as well as create customizable combos available in eligible regions excluding the US.

The Ethereum price is currently trading within its Bollinger Bands, testing upper resistance at $2505.17. The 50-EMA and 200-EMA are positioned at $2427.95 and $2174.76, respectively, forming a bullish structure. Additionally, the MACD holds a golden cross at 1.78, while the RSI sits neutral at 52.7.

This technical analysis suggests potential continuation of growth in volume for Base's blockchain prediction market.