Arthur Hayes Says Ether Could Quickly Climb to $5,000 Once It Breaks $3,000
Summary
- Arthur Hayes said Ether is the largest holding in his portfolio outside Bitcoin.
- He said Ether could quickly rise above $5,000 if it breaks through $3,000.
- Hayes said Ether is the second-largest digital asset by market value but has yet to surpass its all-time high, leaving it attractive on a risk-reward basis with substantial upside potential.
Forecast Trend Report by Period
Arthur Hayes is bullish on Ether.
Odaily reported on Aug. 21 that the BitMEX co-founder said Ether is the largest holding in his portfolio outside Bitcoin.
He said Ether could quickly rise above $5,000 if it breaks through $3,000.
Hayes also highlighted that Ether, the second-largest digital asset by market value, still has not surpassed the all-time high it reached in 2021. Compared with other digital assets, Ether faces a much lower risk of falling to zero, making it attractive on a risk-reward basis and a reason for his large allocation.
He added that Ether's gains in the current cycle have been relatively limited, leaving significant room for further upside. Once the price starts to rise, the advance could attract more buyers and reinforce the rally.
Uk Jin
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