Arthur Hayes Buys Back Ethereum: Market Surges After Quick Exit

Arthur Hayes, former CEO of BitMEX, has bought back Ethereum after a week-long sell-off that followed his prediction of price declines. Despite earlier anticipating market weakness, the price surged past $4,200 in a swift rebound. This move came as experts like VanEck predicted an impressive ETH target for 2030 – reaching $22,000. 20% growth is seen in just seven days of trading on this asset. Hayes’s quick buyback follows his prior sales of $8.32 million worth of the cryptocurrency.