Ether is currently trading around $4,600, with traders on Polymarket estimating a 64% chance that it will reach $5,000 by August 31. The expectation for Ether to hit a new all-time high in August has surged to 87%. Analysts see a potential correction to between $4,000 and $4,400 if key price levels fail to hold, particularly if the $4,631 mark cannot become new support. Some predictions extend to higher targets, with chances for reaching $4,800 at 90%, $5,400 at 31%, and $5,800 at 18%. Popular trader Rekt Capital emphasizes the need for Ether to reclaim certain levels to maintain an uptrend, warning of risks associated with a rejected price due to heavy selling at a critical price point. Overall, sentiment remains optimistic within the trading community, despite recent market corrections.

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