He made a name for himself with his predictions about the crypto money market. Arthur Hayes, former BitMEX CEO, the biggest altcoin Ethereum (ETH) spoke.
Hayes, in a recent blog post, is highly anticipated. Merge He said its upgrade will start a rally for ETH.
According to Hayes, if the transition to a PoS system in ETH is successful and if the FED softens its hawkish stance on monetary policy Ethereum He can see $5,000.
However, if the FED does not take a step back in its policy and continues the same, ETH can be at the level of $ 3,500.
“I believe this is a prudent estimate. Because the upgrade, which is expected to take place in September, will not be priced by the market.
I believe there will be no buy-the-rumor-sell-news event.”
Ethereum Predictions by Arthur Hayes!
Underlining that all he said about Ethereum is a guess rather than financial advice, the former BitMEX CEO stated in his previous statements that he believed that the transition of ETH to the PoS system would increase the annual return of ETH.
In this context, in April Ethereum Announcing the forecast, Arthur Hayes said that he thought ETH would exceed $10,000 when things calmed down at the end of the year.
However, Hayes, who later shared a new forecast, ETH He said the price would drop to $2,500 by the end of June.