{"id":34417,"date":"2023-12-22T19:52:46","date_gmt":"2023-12-22T23:52:46","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=34417"},"modified":"2023-12-22T19:52:46","modified_gmt":"2023-12-22T23:52:46","slug":"ethereum-price-to-reach-5000-bitmex-founder-predicts","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/12\/22\/ethereum-price-to-reach-5000-bitmex-founder-predicts\/","title":{"rendered":"Ethereum Price To Reach $5,000, BitMex Founder Predicts"},"content":{"rendered":"

BitMex founder Arthur Hayes<\/a> has revealed that he is diverting his interest toward Ethereum (ETH) while disclosing a bold prediction for the crypto asset.<\/p>\n

Arthur Hayes Doubling Down On Ethereum<\/h2>\n

Arthur Hayes recently took to X (formerly Twitter) to share<\/a> his optimism and prediction about the future of Ethereum,<\/a> and the post has since caused quite a stir in the entire cryptocurrency community.<\/p>\n

Renowned for his perceptive market analysis, Hayes claimed to have had a revelation on ETH during one of his meditations, and this prompted him to significantly alter his cryptocurrency holdings. He sarcastically asserted in the X post to have gotten the direction from the Lord.\u00a0<\/p>\n

Following this supposed heavenly direction, Hayes allegedly sold his Solana holdings and increased his stake in Ethereum. In addition, he has predicted a spike that would take the price of the cryptocurrency asset to an astounding $5,000.<\/p>\n

He further conveyed his love and appreciation for Vitalik Buterin, the co-founder of Ethereum. Hayes called Vitalik an Archangel while doing so.<\/p>\n

Hayes\u2019 evaluation of the market dynamics might have played a role in his choice to divert from Solana to Ethereum. In another X post, Arthur Hayes shared<\/a> a chart of Ethereum to back up his predictions. The crypto exchange founder has urged the crypto community to \u201cget down\u201d on the digital asset.<\/p>\n

The BitMex founder\u2019s projections come after his previous call, in which he predicted<\/a> that Solana\u2019s price would hit $100. Hayes\u2019 prediction has appeared to be almost accurate, as the digital asset\u2019s price has recently reached a peak of $99.<\/p>\n

Since mid-December SOL has been demonstrating a rally, increasing by an astounding 350%. Despite the fact that Solana is displaying an upward trajectory, Hayes seems to think that Ethereum still has the potential to outperform SOL.<\/p>\n

Glassnode Co-Founders Give Next Target For The Crypto Asset<\/h2>\n

Jan Happel and Yann Allemann, cofounders of Glassnode and collectively known on X as Negentropic, have highlighted<\/a> the next target for Ethereum. According to the cofounders, the next target for ETH is $2,500 and has urged the community to keep an eye on this level.<\/p>\n

Negentropic asserted that the asset reaching the $2,500 target will be triggered by market enthusiasm. Another target identified by the founders is $2,700, which ETH<\/a> will attain by continuous ambitious push.<\/p>\n

The co-founders also highlighted a support level at $2,100, which was once a resistance level but now a key zone. However, Negentropic pointed out that the level has now turned out to be critical for short-term rebounds.\u00a0In addition, they asserted that if ETH ends up breaching the support level, it might activate the 50-Day EMA<\/a>.<\/p>\n

As of the time of writing, Ethereum is trading at $2,307, indicating a 1.30% increase in the past 24 hours. Its trading volume has increased by 19% to $16,690,793,321, its market capitalization has increased by 1.31% to $277,454,559,883.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

BitMex founder Arthur Hayes<\/a> has revealed that he is diverting his interest toward Ethereum (ETH) while disclosing a bold prediction for the crypto asset.<\/p>\n

Arthur Hayes Doubling Down On Ethereum<\/h2>\n

Arthur Hayes recently took to X (formerly Twitter) to share<\/a> his optimism and prediction about the future of Ethereum,<\/a> and the post has since caused quite a stir in the entire cryptocurrency community.<\/p>\n

Renowned for his perceptive market analysis, Hayes claimed to have had a revelation on ETH during one of his meditations, and this prompted him to significantly alter his cryptocurrency holdings. He sarcastically asserted in the X post to have gotten the direction from the Lord.\u00a0<\/p>\n

Following this supposed heavenly direction, Hayes allegedly sold his Solana holdings and increased his stake in Ethereum. In addition, he has predicted a spike that would take the price of the cryptocurrency asset to an astounding $5,000.<\/p>\n

He further conveyed his love and appreciation for Vitalik Buterin, the co-founder of Ethereum. Hayes called Vitalik an Archangel while doing so.<\/p>\n

Hayes\u2019 evaluation of the market dynamics might have played a role in his choice to divert from Solana to Ethereum. In another X post, Arthur Hayes shared<\/a> a chart of Ethereum to back up his predictions. The crypto exchange founder has urged the crypto community to \u201cget down\u201d on the digital asset.<\/p>\n

The BitMex founder\u2019s projections come after his previous call, in which he predicted<\/a> that Solana\u2019s price would hit $100. Hayes\u2019 prediction has appeared to be almost accurate, as the digital asset\u2019s price has recently reached a peak of $99.<\/p>\n

Since mid-December SOL has been demonstrating a rally, increasing by an astounding 350%. Despite the fact that Solana is displaying an upward trajectory, Hayes seems to think that Ethereum still has the potential to outperform SOL.<\/p>\n

Glassnode Co-Founders Give Next Target For The Crypto Asset<\/h2>\n

Jan Happel and Yann Allemann, cofounders of Glassnode and collectively known on X as Negentropic, have highlighted<\/a> the next target for Ethereum. According to the cofounders, the next target for ETH is $2,500 and has urged the community to keep an eye on this level.<\/p>\n

Negentropic asserted that the asset reaching the $2,500 target will be triggered by market enthusiasm. Another target identified by the founders is $2,700, which ETH<\/a> will attain by continuous ambitious push.<\/p>\n

The co-founders also highlighted a support level at $2,100, which was once a resistance level but now a key zone. However, Negentropic pointed out that the level has now turned out to be critical for short-term rebounds.\u00a0In addition, they asserted that if ETH ends up breaching the support level, it might activate the 50-Day EMA<\/a>.<\/p>\n

As of the time of writing, Ethereum is trading at $2,307, indicating a 1.30% increase in the past 24 hours. Its trading volume has increased by 19% to $16,690,793,321, its market capitalization has increased by 1.31% to $277,454,559,883.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-34417","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=34417"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34417\/revisions"}],"predecessor-version":[{"id":34424,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34417\/revisions\/34424"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=34417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=34417"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=34417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}