NEWSLETTER
founder of BitMex Arturo Hayes has revealed that he is diverting his interest towards ethereum (eth) while revealing a bold prediction for the crypto asset.
Arthur Hayes doubles down on ethereum
Arthur Hayes recently took to X (formerly Twitter) to share his optimism and prediction about the future of ethereal, and since then the publication has caused quite a stir throughout the cryptocurrency community.
Renowned for his insightful market analysis, Hayes claimed to have had an epiphany about eth during one of his meditations, and this led him to significantly alter his cryptocurrency holdings. He sarcastically claimed in post X to have received guidance from the Lord.
Following this supposed heavenly direction, Hayes allegedly sold his holdings in Solana and increased his stake in ethereum. Furthermore, he has predicted a surge that would take the price of the cryptocurrency asset to a staggering $5,000.
Additionally, he conveyed his love and appreciation for Vitalik Buterin, the co-founder of ethereum. Hayes called Vitalik Archangel as he did so.
Hayes' assessment of market dynamics could have influenced his decision to deviate from Solana to ethereum. In another X post, Arthur Hayes shared an ethereum chart to back up your predictions. The founder of the cryptocurrency exchange has urged the cryptocurrency community to “download” the digital asset.
The BitMex founder's projections arise after his previous call, in which foretold that the price of Solana would reach $100. Hayes' prediction appears to be almost accurate, as the price of the digital asset has recently reached a high of $99.
Since mid-December, SOL has shown an uptick, increasing by a staggering 350%. Even though Solana is showing an upward trajectory, Hayes seems to think ethereum still has the potential to outperform SOL.
Glassnode co-founders give the next goal for the crypto asset
Jan Happel and Yann Allemann, co-founders of Glassnode and known collectively on X as Negentropic, have highlighted ethereum's next target. According to the co-founders, the next target for eth is $2,500 and they have urged the community to keep an eye on this level.
Negentropic stated that market enthusiasm will push the asset to reach the $2,500 target. Another target identified by the founders is $2,700, which eth we will achieve through a continuous and ambitious drive.
The co-founders also highlighted a support level at $2,100, which was once a resistance level but is now a key zone. However, Negentropic noted that the level now turned out to be critical for short-term rebounds. Furthermore, they stated that if eth ends up breaking above the support level, it could trigger the 50-day period. EMA.
At the time of writing, ethereum is trading at $2,307, indicating an increase of 1.30% in the last 24 hours. Its trading volume has increased by 19% to $16,690,793,321, its market capitalization has increased by 1.31% to $277,454,559,883.
Featured image from iStock, chart from Tradingview.com
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