$ETH Could Hit $10K This Year, Says Tom Lee and #ArthurHayes
#BitMine chair Tom Lee and BitMEX co-founder Arthur Hayes are maintaining predictions that
$ETH will reach $10,000 by year-end. Both analysts appeared on the Bankless podcast on Tuesday, reaffirming their targets despite recent market volatility.
"For Ethereum, somewhere between $10,000 and $12,000," Lee stated when asked about year-end price projections. Hayes said he's "going to stay consistent" with his $10,000 forecast.
With
$ETH trading at $4,129 at publication time, reaching $10,000 would represent approximately 142% gains. Both analysts consider this target achievable within the remaining months of 2025.
Lee emphasized the rally wouldn't signal excessive market froth.
$ETH has largely consolidated within a range since hitting an all-time high of $4,878 in 2021. "Ethereum's basically been basing for four years now, just broke out of the range, so to me, it wouldn't be a blow off top, but rather seeking essentially price discovery at a new level," Lee explained.
The cryptocurrency briefly reclaimed 2021 highs in August before retracing. It hasn't revisited that level since.
"I think there would be a lot of fundamental things happening next year," Lee added. "I don't think it's the top, but I'm sure it is a big level."
