11-7-2025 – Former BitMEX CEO Arthur Hayes has issued a bold prediction for Ethereum to reach $10,000, citing technical indicators and institutional momentum as the cryptocurrency trades at $2,951 with 6.4% daily gains.
Hayes backed his forecast with chart analysis showing Ethereum’s strength against Bitcoin, particularly noting the ETH/BTC pair bouncing from historic lows around 0.02 BTC to 0.025 BTC with rising volume. The pair had been in decline since 2021, dropping from above 0.08 BTC, but recent price action suggests a potential trend reversal.
Institutional interest in Ethereum has intensified, with over $211 million flowing into ETH ETFs in a single day, including $158.6 million from BlackRock alone. Whale wallets increased their ETH holdings by 36% in June, while liquid staking rose by nearly 1 million ETH. Ethereum futures volume reached $62.1 billion, slightly surpassing Bitcoin’s $61.7 billion in a rare flip that indicates shifting trader focus.
The prediction aligns with growing corporate adoption of Ethereum as a treasury asset and a recent Fidelity report highlighting Ethereum’s leadership in developer activity and total value locked compared to competing blockchains.
