The recent price drop in the cryptocurrency market has caused a shift in market sentiment, which is now predominantly bearish for Ethereum and Solana. This trend is clearly reflected in the prediction markets of the Myriad platform, where participants are betting on further declines in the value of these major digital assets, according to data from September 25, 2025.
The situation for Ethereum (ETH) is particularly revealing. After falling below the psychological barrier of $4,000, market sentiment on Myriad shows a 68% probability that the price will continue its descent to $3,500. This prediction market has attracted a volume of $140,000, underscoring the growing concern among investors. For its part, Solana (SOL) is not far behind. With a 32% drop from its all-time high, confidence in a speedy recovery has faded; the probability of it reaching a new record by the end of the year has dropped to 43% in a market with $94,400 in volume.
A Market in the Red
This change in market sentiment is not an isolated event, but the direct consequence of a broader correction that has affected the entire crypto ecosystem. In the last week, $162 billion has been wiped from market valuations, with liquidations exceeding $1 billion in a single 24-hour period. Dean Chen, an analyst at the Bitunix cryptocurrency exchange, noted that “assets with high leverage and less liquidity experienced steeper declines, with Solana being a prime example.” This volatility underscores the fragility of confidence in times of uncertainty.
The relevance of this news lies in the fact that prediction markets like Myriad are consolidating as increasingly accurate tools for gauging investor sentiment. Unlike traditional surveys, these markets incentivize participants to make informed decisions, as their money is at stake. Therefore, such a drastic shift in market sentiment is a warning sign that investors and analysts cannot ignore, as it anticipates potential price movements and more conservative risk management strategies in the short term.
For Ethereum and Solana holders, this scenario implies greater caution. The bearish market sentiment could put further downward pressure on prices, especially if Bitcoin (BTC), which has fallen nearly 7% in the week, fails to stabilize. The interconnectedness of the market means that the weakness of major assets tends to drag down the rest, creating a cycle of selling and distrust. In this context, investors may choose to reduce their exposure or seek refuge in assets considered more stable until the outlook becomes clearer.
Outlook and Next Moves
The current market sentiment reflects a necessary correction phase after a period of euphoria. Now, attention is focused on key support levels for Ethereum and Solana. If these manage to hold, they could lay the groundwork for a future recovery. However, data from Myriad suggests that the short-term path will be fraught with challenges. The evolution of macroeconomic factors, along with potential regulatory news, will be crucial in determining whether this pessimism solidifies or if, on the contrary, investors regain confidence and bullish momentum returns to the cryptocurrency market.
