Arthur Hayes Predicts $10K Ethereum and $250K Bitcoin: Is the Crypto Bull Run Here?

Arthur Hayes Predicts Ethereum at $10,000 as New Crypto Bull Run Gains Steam

Arthur Hayes, the outspoken BitMEX founder, is making headlines again with a bold call for a new crypto bull run. In his latest market commentary, Hayes predicts Ethereum (ETH) could reach $10,000, while Bitcoin (BTC) could climb to $250,000 by the end of 2025. His forecast comes as crypto markets experience renewed momentum driven by institutional buying, Ethereum ETF inflows, and shifting macroeconomic trends.

Arthur Hayes Ethereum Prediction: Why $10,000 Is Possible

In his blog, Hayes argues that global financial conditions are increasingly supportive of crypto assets. He believes continued government spending funded by central bank liquidity injections will push more capital into digital assets.

“As central banks expand their balance sheets to manage rising national debt without raising taxes, real interest rates will remain low or turn negative,” Hayes wrote. “This will weaken fiat currencies and drive demand for inflation-resistant assets like Bitcoin and Ethereum.”

Hayes describes these leading cryptocurrencies as “escape valves,” offering a way for individuals and institutions to preserve capital without triggering social unrest typically associated with rising costs of living.

Bitcoin May Follow Historical Patterns

Bitcoin’s price action has historically exhibited cyclical surges aligned with macro liquidity trends. Technical analysts tracking BTC note similarities to past cycles, where consolidation was followed by exponential growth. If Bitcoin follows these historical fractals, the path toward Hayes’ $250,000 prediction could align with macro liquidity cycles and halving-related supply dynamics.

Why Ethereum’s Price Is Rising Now

Ethereum ETFs Drive Inflows

On July 23, Ethereum traded at $3,692, up 1.16% on the day, fueled by significant inflows into spot Ethereum ETFs. BlackRock’s ETHA ETF alone attracted over $426 million, while cumulative spot Ethereum ETF inflows reached $533.9 million in July, signaling robust institutional interest.

Interestingly, Bitcoin ETFs saw net outflows during the same period, suggesting a tactical pivot by institutions toward Ethereum, likely due to its emerging role in DeFi, stablecoins, and tokenization infrastructure.

Technical Indicators Point to Bullish Continuation

Ethereum recently broke a critical resistance at $3,463, supported by strong trading volume and momentum. The Relative Strength Index (RSI) hit 86.27, indicating overbought conditions but reflecting bullish strength. The MACD remains in positive territory, signaling continued upward momentum.

As of writing, ETH is trading at $3,667, slightly down by 0.52%, consolidating its gains after the recent surge.

Corporate Accumulation of Ethereum Gains Traction

Public companies are now adding Ethereum to their balance sheets, following the playbook that MicroStrategy pioneered with Bitcoin. SharpLink Gaming and World Liberty Financial are among firms that recently purchased significant ETH allocations, contributing to about 3% of Ethereum’s daily trading volume.

BTC Digital, previously focused on Bitcoin accumulation, has also begun diversifying into Ethereum, reflecting confidence in ETH’s long-term potential and aligning with Hayes’ bullish outlook.

Ethereum Price Forecast: A Roadmap to $10,000?

Short-Term Projection

Ethereum’s breakout above $3,463 sets the stage for further gains, with Fibonacci extensions indicating a potential move toward $4,300, followed by a possible test of the $5,000 level in the coming weeks if momentum persists.

Key metrics to watch:

• RSI (14): 86.27, indicating overbought but bullish conditions.

• MACD: +78.81, reflecting strong upward momentum.

• Trading Volume: $37.19 billion, among the highest in 2025 sessions.

Medium-Term Projection

Spot Ethereum ETFs have attracted over $1.5 billion in inflows since May 2025, and corporate treasury adoption is expanding. The ETH/BTC ratio has risen from 0.018 to 0.031, and open interest in ETH perpetual futures has surged 36.22% to $1.94 trillion.

These indicators support a potential ETH price target of $6,500–$7,000 by Q4 2025.

Long-Term Projection

Hayes’ $10,000 prediction by the end of 2025 is underpinned by structural market conditions, including persistent inflation, central bank liquidity, and Ethereum’s role as programmable money. Blockchain data shows that only 53.21% of ETH supply is liquid, suggesting potential supply constraints if demand accelerates during the bull cycle.

Market Reality: Corrections Are Part of the Path

Ethereum’s rapid rise from $2,500 to nearly $3,860 in two weeks is notable, but corrections are a natural part of any bullish cycle. Analysts emphasize that minor pullbacks should not alarm investors, as sustainable bull markets require healthy periods of consolidation.

Bitcoin, for example, faced multiple corrections before crossing $123,000 and setting new highs. Similar behavior can be expected for Ethereum, reinforcing the long-term bullish case while encouraging patience.

Bitcoin and Ethereum: Parallel Bullish Momentum

While Ethereum is currently leading in institutional inflows, Bitcoin remains a critical pillar of the crypto market. Hayes’ call for $250,000 BTC aligns with the structural liquidity environment, ETF inflows, and growing corporate adoption.

Together, Bitcoin and Ethereum form the backbone of the emerging digital financial system, with Ethereum increasingly seen as the foundation for decentralized finance, tokenized assets, and programmable payments.

Why Arthur Hayes’ Prediction Matters

Hayes has a track record of accurately calling crypto market trends, and his bold predictions carry weight among traders and institutional investors. His thesis is rooted in macroeconomic fundamentals, emphasizing how expanding central bank balance sheets and fiat currency debasement fuel demand for scarce, decentralized assets.

Source: X

Conclusion: The Ethereum Bull Run May Just Be Starting

Arthur Hayes’ Ethereum prediction aligns with on-chain metrics, technical analysis, and macroeconomic trends. Ethereum’s breakout, coupled with institutional accumulation and ETF inflows, provides a strong foundation for continued upward momentum.

While volatility is expected, the structural indicators suggest that Ethereum is well-positioned for a significant rally, with $10,000 no longer appearing outlandish in the context of global liquidity conditions and rising adoption.

For traders and investors, the key will be monitoring ETF flows, corporate treasury movements, macroeconomic signals, and on-chain data to navigate the market effectively. As Ethereum positions itself as a cornerstone of the next financial system, the bull run envisioned by Arthur Hayes may already be underway.

Writer @Ellena

Ellena is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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