Ethereum News Today: Ethereum Surges 47% in a Month, Hayes Predicts $4,000

Arthur Hayes, the former Chief Executive Officer of BitMEX, has predicted that the price of Ethereum (ETH) is on track to reach $4,000. This prediction comes as the cryptocurrency has gained over 47% in the past month, with a recent price of $3,711.80. Hayes shared a chart on his X account showing Ethereum's steady increase from below $2,400 to above $3,700 over the past month. This update drew attention as activity around Ethereum increased, with over $18 billion worth of large transactions recorded on the Ethereum network on July 17. This rise in significant ETH movements suggested strong participation by large holders and institutions.

Hayes' prediction is not the only bullish outlook for Ethereum. Analysts have identified several reasons behind Ethereum’s recent move, including the rising demand for tokenized assets and the launch of Ethereum staking products. More institutions have begun using Ethereum’s network to develop financial products and transfer value, driving interest and increasing the network’s utility. Several staked Ethereum exchange-traded funds (ETFs) have entered the market, allowing investors to earn a yield from Ethereum without needing to manage wallets or perform staking themselves. This makes Ether more appealing to traditional investors.

There is also growing stockpiling of Ethereum as a treasury reserve asset. Some institutional investors have begun to hold Ethereum in reserve, treating it as a long-term investment. The Strategic ETH Reserve, which holds more than $2.5 billion, is one example. This type of behavior reduces the supply in circulation and adds to buying pressure. Ethereum is now being considered as a possible treasury asset even in more mainstream cycles. It has a decentralized design that is not tied to any single entity, enhancing its appeal. As the largest altcoin, ETH has a global reach, making it easy to use across borders. Additionally, it can generate yield through staking. These features make it worthwhile for large companies and even public institutions, standing out from many other digital assets.

Other market watchers have also given ETH price targets. Tom Lee of Fundstrat predicted that Ethereum could reach between $10,000 and $15,000 by the end of 2025. His view was based on comparisons between Ethereum and software-like companies, especially in terms of value and growth potential. Some predictions have gone even higher. One long-term model placed Ethereum’s future price at $706,000, based on global value estimates reaching $85 trillion. However, that figure was marked as a possible future outcome, not an expectation. For now, Ethereum is still on the rise. As of the time of writing, it was trading at $3,736.17, up 5.09%. Strong buying interest, steady growth in institutional use, and increased on-chain activity have kept it moving upward. Hayes’ post placed a spotlight on the $4,000 mark, but conversations have already begun about what could come next.