Ethereum Could Defy All Predictions According To Arthur Hayes
Ethereum is currently trading near its crucial support at $2,400. Certainly, on-chain indicators reflect bearish pressure. However, several experts are betting on a swift reversal. This is notably the case for Arthur Hayes, co-founder of BitMEX. He anticipates an exceptional performance from Ethereum against its competitors in the next 18 to 24 months. All the details below!
In Brief
- Ethereum is close to a rebound thanks to its updates and institutional interest.
- The ETH/BTC ratio is rising, signaling a possible altcoin season favoring Ethereum in 2025.
Ethereum: A complex but favorable price dynamic
The Ethereum price is currently oscillating between resistance and support, with mixed technical indicators.
- The daily RSI at 65 indicates fragile momentum.
- The MACD shows moderate bullish signals.
On the weekly scale, however, the momentum appears stronger. Indeed, the RSI is above 50. The MACD supports a positive trend.
The key levels to watch are therefore $2,605 and $2,921, with a psychological target at $3,000. In case of a correction, major supports exist at $2,323 and $1,873.
According to Arthur Hayes’ explanations , Ethereum currently stands as the best-performing crypto blockchain in terms of TVL and Proof of Stake security. He maintains that the current depreciation creates a rare investment opportunity, especially compared to Solana’s past outperformance .
Ethereum and Institutions: Accelerating Upgrades and Adoption
The development of Ethereum continues with the Pectra upgrade , which improves the scalability and stability of the crypto network. Preston Van Loon, lead developer, announces a faster pace of targeted forks.
With two annual forks, Ethereum aims for speed and stability. These are two key elements to attract institutional investors. The tokenization of real-world assets via the Ethereum blockchain is also expanding. That being said, the complexity of rollups and fragmentation remain challenges.
The ETH/BTC ratio, near its historical lows, rebounded by 38% in May, signaling a possible altcoin season. Furthermore, the growing demand for Ethereum ETFs strengthens institutional appetite, with selling pressure clearly weaker than on bitcoin.
In any case, Ethereum seems ready to play a major role in the 2025 cryptosphere. Its innovations and resilience could make it the essential platform versus its rivals. A true turning point for the crypto ecosystem!
