Ethereum is expected to rise to $5000 this year, setting a new historical high.
Arthur Hayes, founder of BitMEX, predicts at the Bitcoin 2025 conference that Ethereum could reach a historical high of $4000-$5000 within the year, representing a 50%-88% increase from the current $2646.
He believes that the "most hated L1" often performs outstandingly during cycle reversals and points out that Ethereum's recent 45% increase shows signs of recovery.
Analysts highlight three major driving factors:
1. Ethereum accounts for 51% of the stablecoin issuance underlying network share.
2. Expansion of Layer 2 ecosystems (such as Robinhood potentially launching on-chain equity tokens after acquiring WonderFi).
3. Successful implementation of the Pectra upgrade. Standard Chartered Bank's head of digital assets, Geoffrey Kendrick, is also bullish, giving target prices of $4000 for 2025 and $7500 for 2029. Currently, ETH needs to rise 88% to break through the previous high of $4878 from 2021.
#ETH
Arthur Hayes, founder of BitMEX, predicts at the Bitcoin 2025 conference that Ethereum could reach a historical high of $4000-$5000 within the year, representing a 50%-88% increase from the current $2646.
He believes that the "most hated L1" often performs outstandingly during cycle reversals and points out that Ethereum's recent 45% increase shows signs of recovery.
Analysts highlight three major driving factors:
1. Ethereum accounts for 51% of the stablecoin issuance underlying network share.
2. Expansion of Layer 2 ecosystems (such as Robinhood potentially launching on-chain equity tokens after acquiring WonderFi).
3. Successful implementation of the Pectra upgrade. Standard Chartered Bank's head of digital assets, Geoffrey Kendrick, is also bullish, giving target prices of $4000 for 2025 and $7500 for 2029. Currently, ETH needs to rise 88% to break through the previous high of $4878 from 2021.
#ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
2,623.45
-3.63%