BitMex Founder Arthur Hayes Bullish on Ethereum
Arthur Hayes, the founder of BitMex, recently expressed his optimism and bold prediction for the future of Ethereum (ETH). In a post on X, he revealed that he had a revelation during meditation that led him to shift his cryptocurrency holdings towards Ethereum. He sarcastically claimed to have received the direction from a higher power. As a result, Hayes sold his Solana holdings and increased his stake in Ethereum. He also predicted that the price of Ethereum would reach $5,000.
Glassnode Co-Founders Identify Next Targets
Jan Happel and Yann Allemann, co-founders of Glassnode, have highlighted the next price targets for Ethereum. They believe that ETH will reach $2,500 and urged the community to keep an eye on this level. They also identified another target at $2,700, which Ethereum can achieve with continuous effort. The co-founders mentioned a support level at $2,100 that has now become critical for short-term rebounds. If ETH breaches this level, it might activate the 50-Day EMA.
Ethereum’s Current Performance
At the time of writing, Ethereum is trading at $2,307 with a 1.30% increase in the past 24 hours. Its trading volume has risen by 19% to $16,690,793,321 and its market capitalization has reached $277,454,559,883.
Hot Take: Ethereum’s Future Potential
Ethereum has garnered attention from prominent figures in the crypto industry like Arthur Hayes and Glassnode’s co-founders. With Hayes predicting a price of $5,000 and Happel and Allemann identifying key targets for ETH, it’s clear that there is growing optimism and excitement surrounding Ethereum’s future potential. As the second-largest cryptocurrency by market capitalization, Ethereum continues to be a leading force in the crypto market, attracting investors and developers alike. The upcoming developments and upgrades, such as the transition to Ethereum 2.0, could further enhance its value and solidify its position in the industry.
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