Ethereum is experiencing an unexpected revival that's shaking up the crypto market. After months of being overshadowed by Bitcoin, ETH has surged above $2,800 – and according to former BitMEX CEO Arthur Hayes, this could be just the beginning.

Hayes believes we are on the verge of a major bull run that could send ETH skyrocketing to $10,000. In a post on X, he stated that now is the time for Ethereum to shine – and that investors should be ready.

🔹 Who's Behind the Price Explosion? Whales in Action

ETH's price surge isn't just market sentiment – it's backed by massive inflows of capital from major players. According to on-chain analysts at Lookonchain, more than 127,000 ETH (worth $358 million) were purchased in the past 24 hours by whales and institutional investors.

📈 Key transactions driving the market:

🔹 New wallet 0x35fb withdrew 54,125 ETH ($151 million) from Kraken.

🔹 Abraxas Capital moved 40,986 ETH ($114 million) from Binance and Kraken.

🔹 SharpLink Gaming, which already holds 205,634 ETH, purchased an additional 5,072 ETH via OTC.

🔹 The GMX hacker converted nearly all of his loot (excluding FRAX) worth $32 million into 11,700 ETH.

🔹 Whale 0x8C08 spent 25 million USDT to buy 9,188 ETH.

🔹 Whale 0x3c9E withdrew 4,000 ETH from Kraken.

🔹 Wallet pfm.eth bought 2,900 ETH for 8 million USDT.

This massive accumulation signals renewed confidence in Ethereum from large players. And when big money moves in, the market tends to follow.

🔮 What Does Arthur Hayes Say?

Hayes, known for his bold but often accurate predictions, now sees Ethereum with potential to reach $10,000. In his view, the ideal time for a new upward momentum is now – and Ethereum is set to lead the charge.




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