Ethereum News Today: Arthur Hayes Revises Ethereum Target to $10K by Year-End Amid 52% Price Surge Institutional Adoption ETF Inflows

Arthur Hayes, co-founder and former CEO of crypto exchange BitMEX, has significantly revised his price forecast for Ethereum, now predicting the digital asset could surge to $10,000 by year-end—more than double its 2021 all-time high of $4,878. This projection, outlined in a recent blog post, marks a sharp upward adjustment from his earlier 2025 target of $5,000. Hayes attributes the shift to recent market dynamics, including a 52% surge in ETH prices over the past 30 days and increasing institutional adoption. “The coming ETH bull run is about to tear the market a new asshole,” he wrote, emphasizing the coin’s potential to outperform expectations amid broader economic conditions [1].

Hayes’ analysis ties Ethereum’s trajectory to U.S. monetary policy, arguing that expanding credit and debt will fuel industrial production—particularly for defense sectors—and indirectly benefit cryptocurrencies. He cited the 2020 example, where Bitcoin rose 15-fold as credit growth doubled, as a precedent for this mechanism. Hayes also highlighted the role of new ETH exchange-traded funds (ETFs) in the U.S., noting that nearly $2.1 billion flowed into the products during the first week of their launch, with a single-day inflow of $726 million recorded on July 4 [1].

Ethereum’s recent price action supports the bullish case. On July 8, the asset hit $3,844, its highest level this year, though it has since retreated to around $3,590 as of the latest data. Despite this pullback, Hayes remains confident in Ethereum’s long-term potential, citing its appeal to Western institutional investors and the broader narrative of crypto as a hedge against inflationary pressures. He also reiterated his earlier Bitcoin forecast of $250,000 by year-end, a figure more than double its current price [1].

The market appears to share some of this optimism. A third-party analytics firm, Myriad, reported a 60% probability of Ethereum reaching a new all-time high by year-end, though it disclosed that the tool is a product of Decrypt’s parent company, DASTAN [1]. This creates a potential conflict of interest, as the firm’s projections could be influenced by its association with the publication hosting Hayes’ analysis.

Hayes’ forecast aligns with broader trends in the crypto space. The recent surge in ETH ETF inflows mirrors the frenzy seen during Bitcoin’s spot ETF launch in January 2024, suggesting growing institutional confidence in digital assets. However, the analyst’s prediction of a $10,000 ETH price remains highly speculative, given the asset’s historical volatility and the macroeconomic risks posed by potential interest rate hikes or regulatory interventions.

The crypto market’s reaction to such forecasts often involves rapid price swings, as retail and institutional traders alike interpret bold predictions as signals for future demand. While Hayes’ historical accuracy in price projections—such as his 2020 Bitcoin call—lends credibility to his analysis, his latest targets require sustained macroeconomic tailwinds and robust market sentiment to materialize.

Source: [1] [Ethereum to Hit $10K and 'Tear the Market a New Asshole'](https://decrypt.co/331473/ethereum-hit-10k-tear-market-new-asshole-arthur-hayes)