Ethereum Price Odds Surge to 23% for $4,000 Target

Ethereum's price has been on the rise in recent weeks, and Kalshi traders are now pricing in more upside for ETH. According to Kalshi News, the odds of Ethereum hitting $4,000 by the end of 2026 have jumped to 23%, a gain of about 7% in the last week of trading.

The improved odds for Ethereum's end-of-year price action have been buoyed by the asset's recent run. ETH has gained more than 10% in the last week, changing hands at $2,746, a level it hasn't held since January.

Tom Lee, chairman of publicly traded Ethereum treasury firm BitMine Immersion Technologies, is one of Ethereum's biggest proponents and thinks a crypto bull market is underway. He believes institutions will substantially increase their exposure in the final 3 months of 2026, adding meaningful upside to the gains seen since June 30th.

While Kalshi traders have repriced odds for ETH to reclaim important price milestones like $3,000 and $3,500, they do not think it is very likely to reach a new all-time high marker of $5,000 before the end of the year. Odds for ETH to hit $5,000 are just 11%.