Two Giants of the Market, Tom Lee and Arthur Hayes, Announced Their Big Bull Predictions for Ethereum (ETH)!

Ethereum (ETH), which broke its 2021 ATH by surpassing $4,900 in late August and set a new record, has since experienced sharp ￰0￱ this point, ETH experienced its steepest declines at the end of September and on Friday last week. However, expectations for a major rally for ETH remain ￰1￱ prominent figures in the market, BitMine president Tom Lee and BitMEX co-founder Arthur Hayes, stated that Ethereum will reach $10,000 within the ￰2￱ a recent appearance on the Bankless podcast, the duo reiterated their previous prediction that Ethereum would reach $10,000 this year. “The year-end price target for Ethereum is in the $10,000 to $12,000 ￰3￱ happened recently is not a bubble, but a price discovery for a new price level.” Tom Lee said that ETH breaking its 2021 ATH and reaching around $4,940 is not a new peak, but a search for a floor and price discovery for a long-term uptrend.

“Ethereum has been trading sideways for about four years since 2021 and recently broke through the upper limit of this ￰4￱ this point, ETH has just broken out of a 4-year long range, so in my opinion, this is not a breakout, but essentially a search for price discovery at a new level,” Lee ￰5￱ said, “The outlook for Ethereum has not ￰6￱ prediction of ETH reaching $10,000 by the end of the year remains valid.” Ethereum is currently trading around $4,100 and reaching $10,000 would represent an increase of approximately 143%. *This is not investment ￰7￱ Reading: Two Giants of the Market, Tom Lee and Arthur Hayes, Announced Their Big Bull Predictions for Ethereum (ETH)!