Arthur Hayes Predicts Ethereum to Hit $20,000, Driven by Institutional & Whale Accumulation

Arthur Hayes, co-founder of BitMEX and renowned crypto figure, has expressed bullish optimism about Ethereum (ETH). He recently revealed a prediction of reaching $20,000 for the cryptocurrency in this current market cycle. This forecast is based on his technical analysis and macro trends. 1,250 ETH, worth around $5.29 million, was purchased by Hayes himself as part of his bullish stance. This buying spree reflects a significant belief in Ethereum’s potential growth.