๐ Ethereum To $20,000? BitMEX Founder Arthur Hayes Drops Bold Forecast
Ethereumโs bullish momentum is heating up โ and BitMEX co-founder Arthur Hayes says ETH could soar to $10Kโ$20K this cycle.
๐ Key Takeaways
Hayes re-entered ETH above $4,000, betting on a parabolic rally once ATH is cleared.
Current price: $4,725, with support at $4,109 holding strong.
Other analysts see $4,867 โ $5,706 as the next resistance range before new highs.
Hayes: โOnce ETH breaks its prior peak, the path upward is like a gap of air โ little resistance until much higher valuations.โ
โก Macro Tailwinds
Fed Chair Jerome Powell signals a softer stance at Jackson Hole โ possible rate cuts ahead.
Lower rates = more liquidity โ historically bullish for risk assets like ETH.
Political backdrop: Hayes suggests a Trump administration friendly to crypto could drive massive inflows.
๐ Big Picture
With DeFi, tokenization, and ETH treasuries surging past $17B, Ethereumโs fundamentals remain strong.
If momentum holds, Hayes believes ETH could lead the next altcoin supercycle.
๐ Question is: Can ETH truly run to $20K before this bull cycle ends?
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