đŁ ETH Rally Alert đŁ
Arthur Hayes just rebought 2,373 ETH at over $4,150 â a full 17% above his earlier exit point of ~$3,507. Despite selling $8.3M worth of ETH just a week ago, he dove back in with $10.5M in USDC, and cheekily promised on X:
âI pinky swear, Iâll never take profit again.â
Why It Matters:
⢠Market Signal: This high-profile pivot sets a dramatic tone â a bold buyback at higher prices suggests renewed confidence in ETHâs strength.
⢠Macro Context: Hayes had just warned of macroeconomic headwinds â weak U.S. job data and rising tariff concerns â which he believed could weigh on Bitcoin and Ether, potentially pushing prices back to $100K and $3K, respectively.
⢠Institutional Momentum: Meanwhile, institutions and whales have been accumulating heavily â over 1.035 million ETH (~$4.17 billion) since July, signaling strong longer-term faith in the asset.
Stay Ahead of the Game đ¤
Follow for more content â¨