Arthur Hayes Thinks Ethereum Price Could Double This Year

Arthur Hayes , former BitMEX CEO and Bitcoin billionaire, predicts Ethereum could hit $4,000–5,000 by the end of this year , despite its recent underperformance compared to Bitcoin and Solana.

He said ETH is the “most hated layer 1” and that undervalued assets often have the potential to rise sharply in cycles. Previously, Hayes also predicted that Bitcoin could reach $1 million by 2028.

Ethereum has surged more than 45% over the past month to $2,646, thanks to fresh momentum despite losing traction against Solana.

According to investment firm Bernstein , renewed interest in stablecoins – of which Ethereum accounts for 51% of the total supply – is driving ETH’s recent performance.

Platforms like Robinhood could issue tokenized shares on the Ethereum Layer 2 blockchain, increasing demand for ETH to pay for trading fees, which would help boost ETH prices, according to analysts at Bernstein. Options markets are also growing more bullish.

Standard Chartered predicts that ETH could reach $4,000 by 2025 and $7,500 by 2029. $4,000 represents a roughly 50% increase from its current price of $2,648.