Price Prediction: Ethereum Aims for $10,000 with Arthur Hayes Supporting Rally
Ethereum’s current price is hovering around $3,800 as the crypto market experiences a surge in bullish momentum. Institutional investors are increasingly turning their attention to Ethereum, thanks to BlackRock’s $440 million investment and Arthur Hayes’ prediction that Ethereum could reach $10,000. Analysts are optimistic about Ethereum’s potential to lead the next crypto market rally, especially with growing ETF inflows and the acceleration of Layer 2 growth.
While Ethereum faces resistance at $3,800, recent data shows that the Relative Strength Index (RSI) is at 82.66, signaling overbought conditions. Despite this, Ethereum remains above key moving averages, showcasing its bullish stance. Daily ETF inflows exceeding $500 million have helped Ethereum maintain its upward trajectory, even in the face of short-term profit-taking and whale-driven liquidations.
Arthur Hayes, known for his macroeconomic analysis, foresees Ethereum hitting $10,000 in the current cycle. He attributes this potential surge to increased credit creation by the U.S. government, driven by industrial and wartime spending. Hayes believes that liquidity injections into the economy will benefit risk assets like Ethereum and Bitcoin the most. His investment firm has even shifted its entire portfolio towards Ethereum, DeFi protocols, and ERC20 tokens in anticipation of this credit-fueled market phase.
BlackRock’s acquisition of $440.1 million worth of ETH further solidifies Ethereum’s bullish outlook. With over $10 trillion in assets under management, BlackRock’s interest in Ethereum signals growing institutional confidence in the cryptocurrency. The purchase positions BlackRock as one of the largest institutional holders of Ethereum and hints at the potential launch of a Spot Ethereum ETF under its iShares Ethereum Trust.
In addition to institutional activity, Ethereum’s Layer 2 ecosystem is thriving, with solutions like Arbitrum, Optimism, and zkSync experiencing significant growth in transaction volume and total value locked. Ethereum’s Dencun upgrade aims to enhance network efficiency and reduce gas fees, making it an attractive foundational layer for DeFi applications. The recent GENIUS Act, requiring full reserves for fiat-backed stablecoins, further boosts Ethereum-based protocols like USDC and USDT, strengthening Ethereum’s position in the financial landscape.
As Ethereum approaches the key resistance level at $3,800, analysts believe that the market structure remains bullish. In case of a consolidation phase between $3,500-$3,600, the uptrend remains intact as long as Ethereum stays above the critical support level at $3,400. Technical patterns suggest that Ethereum’s breakout attempt could push it towards $4,200 as institutional investors continue to accumulate ETH.
