BitMex founder predicts Ethereum price will reach $5,000
BitMEX Founder Arthur Hayes Revealing bold predictions for cryptocurrency assets, he revealed that he is turning his attention to Ethereum (ETH).
Arthur Hayes doubles down on Ethereum
Arthur Hayes recently tweeted share His optimism and predictions about the future ethereum, This post has since resonated with the entire cryptocurrency community.
Known for his insightful market analysis, Hayes claimed to have had a revelation about ETH while meditating, which led him to make significant changes to his cryptocurrency holdings. He cynically claimed that he had received instructions from the Lord on Post X.
Following this heavenly directive, Hayes reportedly sold his Solana holdings and increased his stake in Ethereum. Moreover, he predicted that the price of the cryptocurrency asset would soar to $5,000.
He then expressed his love and gratitude for Ethereum co-founder Vitalik Buterin. While doing so, Hayes referred to Vitalik as an archangel.
Hayes’ assessment of market dynamics may have played a role in his choice to switch from Solana to Ethereum. In another X post, Arthur Hayes says shared Ethereum chart supporting his prediction. The founder of a cryptocurrency exchange has urged the cryptocurrency community to “use” digital assets.
The BitMex founder’s prediction comes after a previous call. predicted The price of Solana will reach $100. Hayes’ prediction appears to be largely accurate. This is because the price of the digital asset recently peaked at $99.
Since mid-December, SOL has been on the rebound, with an astounding 350% increase. Despite the fact that Solana is showing an upward trajectory, Hayes seems to think that Ethereum still has the potential to surpass SOL.
Glassnode co-founder lays out his next goals for crypto assets
Jan Happel and Yann Allemann, co-founders of Glassnode and collectively known as Negentropic in highlighted Ethereum’s next goal. According to the co-founders, the next target for ETH is $2,500 and urged the community to keep an eye on this level.
Negentropic argued that the asset reaching the $2,500 target would be fueled by market enthusiasm. Another target identified by the founders is $2,700. ETH We will achieve this through continued ambitious efforts.
The co-founders also highlighted the support level of $2,100, which was once a resistance level but is now a key area. However, Negentropy pointed out that this level has now been shown to have a decisive influence on a short-term rebound. They also claimed that 50-day support could be activated if ETH breaches the support level. EMA.
At the time of writing, Ethereum is trading at $2,307, up 1.30% in the last 24 hours. Trading volume increased 19% to $16,690,793,321, and market capitalization increased 1.31% to $277,454,559,883.
Featured image from iStock, chart from Tradingview.com
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