BitMEX’s Arthur Hayes Sees Ethereum Breaking Higher, Predicts $20K ETH Price Target

TLDR:

• Arthur Hayes confirmed he bought back Ethereum, citing the price chart as the reason for his bullish stance.
• Hayes predicted Ethereum could rise to $20K during this cycle, with Bitcoin targeting the $100K mark.
• Between Ethereum and Solana, Hayes said he is currently overweight on ETH, reflecting stronger conviction.
• In early August, Hayes warned that no major economy is creating credit fast enough to support GDP growth.

Ethereum’s future was back in focus after Arthur Hayes revealed he had bought more ETH. 

The BitMEX co-founder pointed to market charts as a clear reason for his renewed position. He suggested that Ethereum could push much higher in the current cycle. His forecast put ETH at $20,000, while Bitcoin could test the $100,000 mark.

Ethereum Price Forecast Gains Attention

Hayes’ outlook was shared in a video interview circulated on X by crypto market tracker BitMNR. 

In it, he confirmed a buyback of Ethereum while expressing confidence in its long-term upside. The comments matched his past calls, where he often emphasized technical setups over speculation. 

According to Wu Blockchain, Hayes stated the “chart shows it’s going higher,” framing his reasoning in simple terms. His target of $20,000 per ETH underscored belief in a strong continuation of the cycle. At the same time, he projected Bitcoin retesting $100,000, suggesting both assets still have room to rally. 

The renewed attention to ETH comes after a period where Ethereum’s price moved within a defined range. Investors monitoring Hayes’ comments are now weighing whether this could mark the start of a stronger trend.

Hayes Says ETH Outweighs SOL in Portfolio

In the same interview, Hayes revealed his preference for Ethereum compared to Solana. He stated he was “overweight” ETH, signaling a heavier allocation in his holdings. This shift highlighted conviction in Ethereum’s position relative to other major crypto assets. 

While Solana has gained traction in recent months, Hayes made clear where his bet currently lies.

Back in early August, Hayes also shared a broader macro view in an X post. He wrote that no major economy could expand credit fast enough to keep nominal GDP rising. 

That warning was paired with a prediction that Bitcoin would test $100,000 and Ethereum would hit $3,000. His updated stance now places Ethereum at an even higher target.

Hayes’ statements arrive as traders continue to evaluate the balance between Bitcoin and Ethereum in this market phase. Some see his call as a reflection of strong conviction in Ethereum’s price structure. 

Others view it as a high-stakes bet in a volatile market. Either way, Hayes’ return to ETH buying has already become a talking point across crypto circles.

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