"I believe ETH will rise to between $10,000 and $20,000 before the cycle ends," Arthur Hayes said.
BitMEX co-founder Arthur Hayes is optimistic about Ethereum's price trajectory, predicting that the world's second-largest cryptocurrency will reach $20,000.
In a recent interview, Hayes said he has repurchased some of the ETH he sold. "The charts show it is going up, so you can't fight the market."
"I believe ETH will rise to between $10,000 and $20,000 before the cycle ends," he said. "Once it breaks through, you know there's an air gap to the upside."
Comparing ETH and Solana (SOL), he is currently increasing his ETH holdings, indicating a strong preference for Ethereum in his current investment strategy.
"My fundamental prediction is that we will see a massive bull market where all types of financial assets are related to anything that President Trump thinks is important right now."
Last week, Hayes purchased $8.4 million worth of ETH, accumulating 1,500 ETH while holding significant positions in blue-chip DeFi tokens including LDO, ETHFI, and PENDLE.
Ethereum will outperform Solana in a bull market: Arthur Hayes
When asked about Hayes' preference for the current rise in Solana and Ethereum prices versus the end of the cycle, he stated that both assets will show bullish trajectories.
"They will both rise, but the question is which asset might rise more," he noted.
He stated that Solana may not surpass Ethereum in a bull market, but said it would be a "greater asset shift."
Is an ETH breakout imminent?
According to CoinMarketCap data, Ethereum has dropped 0.64% in the past 24 hours to $4,289. The token has slightly rebounded and is trading at $4,306 at the time of writing.
However, the huge demand for spot ETH ETFs and the influx of institutional funds, including companies like Bitmine and Sharplink Gaming buying over 2 million ETH since June, have driven up ETH prices recently.
The cryptocurrency has surged more than 30% in the past 15 days, reaching a local high of $4,700 last week and gradually approaching its historical peak.
If macro and ETF demand align, the cryptocurrency billionaire's call for $20,000 is not crazy. The crypto community is closely watching Hayes' wallet activity, especially as more capital flows into mid-tier Ethereum ecosystem tokens.
