 
 
Ethereum (ETH), the second-largest cryptocurrency by market cap, has lived in the shadows of its rivals, as cryptocurrencies like Bitcoin and Solana skyrocketed in value and stole the spotlight in discussions.
Ether languished at levels below $1,500 as recently as April. But the asset recently surged past $3800, its highest level this year. And according to BitMEX co-founder Arthur Hayes, Ether bulls might have more fuel left in the tank.
$10,000 Target For ETH Now In Play: Hayes
Arthur Hayes said in his latest blog post that Ether could be worth $10,000 by the end of 2025 — which is more than double the asset’s record high.
At press time, ETH was valued at around $3,644, according to crypto data provider CoinGecko. This marks a slight retrace after smashing that 2025 high on July 21 of $3,844. Ether is still 25.5% away from its current historic high of $4,878.26 registered in November 2021.
“The coming ETH bull run is about to tear the market a new asshole,” Hayes asserted. “Ever since Solana rose from the FTX ashes from $7 to $280, ETH has been the most hated large-cap crypto.”
 
Arthur noted that despite lagging in the past year, “the Western institutional investor class, whose chief cheerleader is [Fundstrat co-founder] Tom Lee, loves Ether.” As such, ETH is poised to soar higher. Notably, the crypto mogul is putting his money where his mouth is, with his family office, Maelstrom Fund, investing heavily in Ether.
Investors have increasingly poured money into spot U.S.-listed ETH exchange-traded funds over the last week. As ZyCrypto reported, the ETH funds pulled in a record $726.74 million from investors last Wednesday — marking their best-ever trading day since their debut in early 2024.
Hayes further stated that he expects the US government to raise the amount of debt within the economy to stimulate industrial production for weapons manufacturing, which will ultimately bode well for cryptocurrencies such as Bitcoin and ETH.
He cited 2020 when “credit growth doubled, and Bitcoin increased 15 times in response.”
Hayes reiterated his year-end Bitcoin price forecast of $250,000 in his latest blog. That’s more than double the flagship crypto’s current price of around $118,631.
Source: https://zycrypto.com/arthur-hayes-now-sees-ethereums-rocket-surge-to-10000-by-year-end/