Lee & Hayes Predict Ethereum to $10,000 by Year-End
Fundstrat founder Tom Lee and BitMEX co-founder Arthur Hayes remain bullish on Ethereum. In a Bankless podcast, both set a year-end target of $10,000, with Lee extending to $12,000. They say Ethereum has exited a four-year consolidation after its $4,878 2021 high and is in a fresh price discovery phase. Despite a recent $19 billion crypto liquidation, they see strong fundamental catalysts, including protocol upgrades. Historical Q4 average gains of 21.36% would push Ethereum toward $5,000, but market momentum and upgrades could drive it much higher.
Bullish
The joint forecasts by Lee and Hayes spotlight strong bullish sentiment for Ethereum. Their high targets and conviction that Ethereum is entering a new price discovery phase, supported by upcoming protocol upgrades, can boost trader confidence. Short-term, expectations of a year-end rally may drive increased buying, while the long-term view of breaking past historical highs underscores sustained momentum. Even after a major liquidation event, robust fundamentals suggest continued upward pressure on Ethereum prices.