"Ethereum expected to surpass 10,000 dollars this year"

Despite Ethereum (ETH)'s recent downturn, Tom Lee, Bitmain chairman, and Arthur Hayes, BitMEX co-founder, still maintained their outlook that it will surpass 10,000 dollars this year.

On the 16th (local time), Cointelegraph reported that the two recently appeared on the Bankless podcast to share their year-end price outlook for Ethereum. Lee said, "Ethereum's price will reach between 10,000~12,000 dollars by the end of this year," and Hayes said, "I also maintain my 10,000 dollar year-end prediction."

Lee also analyzed, "Ethereum has been in a range-bound consolidation for about four years since its all-time high of 4,878 dollars in 2021," adding, "the recent rise is not a short-term overheating but a 'price discovery' phase toward a new price level."

Meanwhile, Ethereum is currently trading on CoinMarketCap at 3,981.33 dollars, down 3.83% from the previous day.