Ethereum at $10,000: Why Tom Lee and Arthur Hayes Still Believe

Ethereum could soon experience its most decisive hours. In a crypto market that multiplies contradictory signals, two emblematic figures maintain a prophecy: ETH will reach $10,000. Approaching 2025, Tom Lee and Arthur Hayes cling to this forecast like a heading. Conviction, calculation, or bluff? Hard to say. The market is jittery, cycles are shortening, but some believe the king of smart contracts hasn’t said its last word. At this level of play, every detail counts.

Two Prophets in the Turmoil: Tom Lee and Arthur Hayes Keep the Course

Even after a crypto crash that swallowed more than $19 billion in liquidations, Lee and Hayes refuse to revise their stance. Ethereum, they claim, is ready for a surge towards $10,000. And fast.

During the Bankless podcast, Tom Lee stated that such a move would not be a market excess:

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.

Arthur Hayes goes even further in the comparison by describing Ethereum as a decentralized equivalent of Nvidia or AWS. According to him, the network sells block space used to host trusted applications, power artificial intelligence systems, and settle financial transactions, including those of Wall Street.

A powerful storytelling, certainly, but one that is debated. ETH is currently trading at $4,150, still far from that mythical threshold. Prophets or daredevils? The market remains indecisive.

Field Analysis: Ethereum in Search of Concrete Catalysts

The technical and fundamental bases of the Ethereum ecosystem give analysts food for thought. On one side, a solid support around $3,800 acts as a cushion. On the other, resistance at $4,550 awaits bullish confirmation. Between the two: nervousness.

Analyst Michaël van de Poppe shows some optimism, provided the chart shows a clear bullish structure. He notes that the ETH/BTC pair dropped to 0.032 and that a higher low would be necessary to consider a new movement towards the highs.

On fundamentals, signals are clearer. Ethereum ETFs could attract $30 billion by mid-2025. The network also dominates 54% of stablecoin tokenization, nearly $247 billion. CoinGlass reminds that Ethereum has generated an average of +21.36% in Q4 since 2016. Such performance would project ETH around $5,000, still far from the grail, but promising.

Updates Pectra and Fusaka are eagerly awaited: optimized scalability, reduced fees, staking yield at 4-5%. Enough to nurture hopes… but not yet enough.

Ethereum: Between Summit Promises and Ground Reality

ETH certainly has the wind in its sails, but the timing remains unclear. While some dream of an imminent bull run, others see current signals as just a technical rebound. Between inflated ambitions and cautious analyses, the market plays the clock.

The positions of major holders are however clear: whales and institutions accumulate. Trading volume on supports exceeds $60 billion. ETH reserves on platforms continue to decline (16 million units), indicating holders expect a sustained rise. 

Even Citigroup, more moderate, targets ETH at $4,300. EMJ Capital validates the $10,000 goal. A prophecy that could become self-fulfilling.

A Few Key Numbers to Remember:

• ETH Price at $4,150 at the time of writing;
• 54% of tokenized stablecoins circulate on Ethereum;
• Only 16 million ETH in reserves on exchanges;
• Up to $726.6 million inflows in one day into Ethereum ETFs;
• Volume > $60 billion on support levels in early October.

While the crypto industry searches for its bearings, some assets surprise. BNB, Binance’s native crypto, has just reached a new ATH, in the middle of the storm. Proof that each token follows its own tempo. If Ethereum dreams of the skies, others prefer to trace their paths quietly.