Arthur Hayes defends Ethereum - while the price fights to hold the line.
šÆš In a recent Fortune interview, the BitMEX co-founder said Ethereum still has the upper hand over Solana - thanks to its security, developer activity, and dominance in real DeFi use cases.
Yet on the charts,Ā $ETH tells a different story:
After last weekās local high nearĀ $2,589, ETH just dipped to ~$2,400, testing a key support zone atĀ $2,360ā$2,400.
Hayes argues:
"People hate Ethereum because they think nothingās happening - but thatās when itās time to pay attention".
Will fundamentals win over short-term sentiment?
ā If bulls can reclaim,Ā $2,440 - the path back toĀ $2,500 might open.
āFall through support - andĀ $2,323 is next.