Ethereum could surprise haters, Arthur Hayes bets big on ETH 

출처 Fxstreet
  • Ethereum is hovering close to support at $2,400, and on-chain indicators support a bearish sentiment.
  • Arthur Hayes of BitMEX is bullish on Ethereum and says ETH could outperform Solana in the next year and a half. 
  • Ethereum core developer Preston Van Loon says ETH could be the platform of choice for institutions; future upgrades focus on stability.  
  • Ethereum’s performance against Bitcoin likely signals a turning point for crypto, with ETH entering an extreme undervaluation zone. 

Ethereum (ETH) trades close to key support at $2,400 on Monday. The largest altcoin’s on-chain indicators currently support a bearish thesis for Ether, as seen on IntoTheBlock. 

Arthur Hayes, co-founder of BitMEX, told Fortune Crypto in an interview that he is bullish on Ether and the altcoin could beat Solana in 2025. In their thesis, analysts at CryptoQuant suggest a turning point for Ethereum as the altcoin enters the undervaluation zone. 

Ethereum price analysis

Ethereum’s technical indicators on the daily timeframe show mixed signals. Key momentum indicators, the Relative Strength Index (RSI) reads 65 and generates a sell signal as ETH slips under 70 or the “overbought” zone. Moving Average Convergence Divergence (MACD) flashes green histogram bars above the neutral line, signaling an underlying bullish momentum in Ether. 

ETH is close to its resistance at $2,746, the 50% Fibonacci retracement of the decline from the December 2024 peak of $4,107 to the April 10 low of $1,385. The altcoin could find support at $2,226, the upper boundary of a Fair Value Gap (FVG) on the daily price chart. 

The weekly price chart supports a bullish thesis for ETH. RSI is above 50 and MACD shows green histogram bars, signaling underlying positive momentum in the Ethereum price trend. 

Two key resistances for Ether to test on the weekly timeframe are $2,605 and $2,921, close to the psychologically important $3,000 level. The two resistances represent the upper/lower boundaries of FVGs on the weekly timeframe. 

Ethereum could find support at $2,323 or $1,873 in the event of a correction. 

Ethereum

 

ETH/USDT daily and weekly price charts

Arthur Hayes says Ethereum could beat Solana

In an interview with Fortune Crypto at Token2049 in Dubai, Hayes told the reporter that he thinks Ethereum has a better performance outlook than Solana. Hayes explains:

“...mostly because it’s very hated, everyone thinks Ethereum does nothing, they haven’t done anything correctly, but it still has the most TVL, it still has the most number of developers and it still is the most secure proof of stake blockchain. Yeah, the price hasn’t done that well from 2020 to the current moment.”

Hayes acknowledges that Solana’s price performance was better than Ethereum, as SOL rallied from $7 to $172. However, the BitMEX co-founder believes that Ethereum could outperform Solana for the next 18 to 24 months of the bull run. 

Ethereum core developer says ETH will ship more, attract institutions

Preston Van Loon, co-founder and Ethereum protocol developer at Prysmatic Labs, told FXStreet in an exclusive interview that after the most recent Pectra upgrade, Ethereum is aiming for a faster and more consistent upgrade schedule. 

Preston says, “Ideally with two smaller forks each year. Pectra included a wide range of changes across the protocol, from validator improvements to account abstraction and rollup scalability. Moving forward, upgrades will likely be narrower in scope to allow for quicker shipping and easier testing. Developers are focused on accelerating Ethereum’s evolution while maintaining the network’s high stability.”

Commenting on Ethereum’s remarkable track record of zero downtime since the chain first went live, the ETH core developer says maintaining that stability “remains a top priority.” The ETH community should expect no decline in performance as Ethereum evolves and the growing developer base and improved coordination between teams allow for more complex upgrades. 

Stressing on how Ethereum will continue to gain relevance among institutional clients and investors, Preston told FXStreet:

“Ethereum’s role in real world asset tokenization is only growing, but there are challenges ahead. As institutional adoption increases, scalability and user experience at the L2 level will become even more critical. While Pectra’s expansion of blob capacity improves throughput, fragmentation across rollups and the complexity of the broader ecosystem could slow down mainstream adoption if not addressed. Improving interoperability between L2s and enhancing developer tooling will be key to keeping Ethereum the platform of choice for institutional use cases.”

Why Ethereum is at a turning point

Comparing Ethereum to Bitcoin, analysts at CryptoQuant said Ethereum may have seen the bottom as the ETH/BTC ratio hits its lowest level since January 2020. Since its lowest point, the ratio has rallied 38% in the second week of May and signals the beginning of a likely “altcoin season.”

An altcoin season is marked by the top 75% of tokens ranked in the top 50 assets by market cap outperforming Bitcoin in a period of 90 days. 

Analysts predict a return of the altcoin season as historic lows in the ETH/BTC ratio have previously marked the onset of an alt season and preceded broader altcoin outperformance in 2017, 2018 and 2019. 

ETH/BTC

ETH/BTC price chart | Source: CryptoQuant 

Analysts note in their report that investors now favor the purchase of Ether through ETFs. ETF holdings ratio has climbed since April, supporting the growing Ethereum demand. Key catalysts like the ratio’s rally since its lowest point, the successful implementation of the Pectra upgrade and a more favorable macro environment are likely influencing Ether price. 

Further, exchange inflow data supports Ethereum’s gains as selling pressure is relatively low compared to Bitcoin. Relative to the largest cryptocurrency, this could be a catalyst and push the altcoin higher, likely to re-test the $3,000 resistance and the 2024 peak above $4,100. 

면책 조항: 정보 제공 목적으로만 사용됩니다. 과거 성과가 미래 결과를 보장하지 않습니다.
placeholder
이더리움 가격 전망: ETH, 비트코인을 추월할 가능성 – 주요 암호화폐는 수익 감소에 직면이더리움 (ETH)의 거래 가격이 수요일 2,600 달러를 돌파했습니다. 이는 일부 전문가들이 이더리움이 궁극적으로 비트코인 (BTC)을 넘어설 것이라고 예측한 데 따른 것으로, 상위 암호화폐가 시가총액 증가로 인해 수익 감소 효과로 인해 성장 둔화를 겪을 수 있다는 점을 고려한 것입니다.
저자  FXStreet
5 월 29 일 목요일
이더리움 (ETH)의 거래 가격이 수요일 2,600 달러를 돌파했습니다. 이는 일부 전문가들이 이더리움이 궁극적으로 비트코인 (BTC)을 넘어설 것이라고 예측한 데 따른 것으로, 상위 암호화폐가 시가총액 증가로 인해 수익 감소 효과로 인해 성장 둔화를 겪을 수 있다는 점을 고려한 것입니다.
placeholder
비트코인캐시(BCH) 가격 전망: 매수세 유입 속 강세 심리 유지비트코인캐시(BCH)는 지정학적 긴장이 고조되는 가운데에서도 회복력을 보이며 수요일 작성 시점 기준 473달러선에서 상승 흐름을 이어가고 있으며, 핵심 지지선 부근에서 지지를 확보한 모습이다.
저자  FXStreet
6 월 18 일 수요일
비트코인캐시(BCH)는 지정학적 긴장이 고조되는 가운데에서도 회복력을 보이며 수요일 작성 시점 기준 473달러선에서 상승 흐름을 이어가고 있으며, 핵심 지지선 부근에서 지지를 확보한 모습이다.
placeholder
레이디움, 업비트 RAY/KRW·RAY/USDT 상장에 18% 급등레이디움(Raydium, RAY)은 전일 주요 지지선에서 반등한 이후, 목요일 하루 동안 18% 넘게 급등했다. 이번 급등의 주된 배경은 한국 최대 가상자산 거래소 업비트가 RAY 거래 페어 상장을 공식 발표한 데 따른 것이다.
저자  FXStreet
18 시간 전
레이디움(Raydium, RAY)은 전일 주요 지지선에서 반등한 이후, 목요일 하루 동안 18% 넘게 급등했다. 이번 급등의 주된 배경은 한국 최대 가상자산 거래소 업비트가 RAY 거래 페어 상장을 공식 발표한 데 따른 것이다.
placeholder
헤데라, 호주 디지털 달러 스테이블코인 통합… 아태 지역 디지털 결제 확산 박차헤데라(HBAR)는 전일 도지(Doji) 캔들 패턴을 형성한 이후, 목요일 작성 시점 기준 별다른 반응 없이 관망세를 이어가고 있다. 헤데라 네트워크에서 호주 디지털 달러(AUDD) 출시가 이뤄졌지만, HBAR에 대한 시장 심리를 회복시키지는 못했으며, 기술적 측면에서도 여전히 약세 흐름이 이어지고 있다.
저자  FXStreet
17 시간 전
헤데라(HBAR)는 전일 도지(Doji) 캔들 패턴을 형성한 이후, 목요일 작성 시점 기준 별다른 반응 없이 관망세를 이어가고 있다. 헤데라 네트워크에서 호주 디지털 달러(AUDD) 출시가 이뤄졌지만, HBAR에 대한 시장 심리를 회복시키지는 못했으며, 기술적 측면에서도 여전히 약세 흐름이 이어지고 있다.
placeholder
체인링크 CEO “GENIUS 법안, LINK 활용도 확대 가능성” 언급체인링크(LINK) 공동창립자 세르게이 나자로프(Sergey Nazarov)는 최근 미국에서 통과된 스테이블코인 규제 법안인 이른바 ‘GENIUS 법안’이 새로운 스테이블코인 출시 붐을 촉진할 것이며, 이 과정에서 LINK가 수혜를 입을 수 있다고 밝혔다.
저자  FXStreet
17 시간 전
체인링크(LINK) 공동창립자 세르게이 나자로프(Sergey Nazarov)는 최근 미국에서 통과된 스테이블코인 규제 법안인 이른바 ‘GENIUS 법안’이 새로운 스테이블코인 출시 붐을 촉진할 것이며, 이 과정에서 LINK가 수혜를 입을 수 있다고 밝혔다.
goTop
quote