#MerlinTradingCompetition In a recent interview on the "Bankless" podcast, Arthur Hayes, former CEO of "BitMEX" and current investment manager at "Maelstrom", expressed his optimism about the future price of Ethereum (ETH), predicting it could surpass $10,000 or even $15,000 by the end of the year if it first breaks the $5,000 barrier. Hayes noted that Ethereum's recent performance is driven by market enthusiasm rather than technical factors, considering its recovery delayed after fierce competition from "Solana" and other currencies.
Despite Ethereum's underperformance compared to Bitcoin so far, Hayes believes its opportunity may be approaching with improved regulatory clarity or a recovery in decentralized finance (DeFi) with projects based on sustainable cash flows like "EtherFi" and "Pendle". He revealed his investment portfolio distribution, which includes 60% Bitcoin, 20% Ethereum, and other digital currencies, in addition to physical gold, mining company stocks, and treasury bills.
Current market analysis:
The price of Ethereum is currently fluctuating around $2,528, with the RSI indicator at 68.70 (away from the overbought zone). Analysts believe that breaking the $2,800 level could open the door to greater upward movement. Data from "CryptoQuant" indicates that the ETH/BTC ratio has reached its lowest level since 2020, which could signal the start of an altcoin season, especially with the MVRV indicator showing that Ethereum is in a low valuation area compared to Bitcoin for the first time since 2019, a situation that preceded historical periods of Ethereum dominance.
