| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107251.5500000000 |
| ETH | $2430.3320000000 |
| BNB | $649.1998200000 |
| XRP | $2.1823340000 |
| ADA | $0.5613569000 |
| SOL | $149.8117000000 |
| DOGE | $N/A |
| DOT | $3.3877000000 |
| LTC | $86.3074000000 |
| LINK | $13.3016500000 |
Category: CRYPTO NEWS
The post Arthur Hayes Expects ETH to $5K Before SOL Hits $300 appeared on BitcoinEthereumNews.com. Arthur Hayes has predicted that Ethereum (ETH) could stage a bullish reversal to $5000 while Solana (SOL) follows to $300 in the short term. SOL has also been predicted to surge by 2,900% to hit $3,800 once it completes the formation of its textbook cup-and-handle pattern. BitMex CEO Arthur Hayes joins an ongoing discussion on the potential of Ethereum (ETH) and Solana (SOL) after the broad crypto market made a surprising move to reach a total valuation of $2.85 trillion. According to him, ETH would likely stage a bullish reversal to hit $5000 while SOL bounces back to $300. At the time of his prediction, ETH was strongly holding its position above the $2k level after declining by 0.6% in the last 24 hours. However, weekly investors still had an 8% profit, while those who acquired the asset 30 days ago lost 26% of their investment. Meanwhile, SOL has printed 2.4% and 13% gains on its 24-hour and seven-day price chart, respectively. At press time, the asset was trading at $143, and its 24-hour trading volume was also up by 11%. Experts Opinion on ETH and SOL Subjecting ETH to a technical analysis, an analyst called MAXPAIN disclosed that the asset could decline by nearly 9% from the current level to revisit a crucial support level. Using the Time Price Opportunity chart, the analyst observed that the asset could decline to the range of $1,874 to $1,924. Meanwhile, this bias is supported by the divergence in the Ethereum Price Daily Active Addresses (DAA). According to data, the DAA has dropped to 35.87%. Our analysts believe that this is an indication of a drop in transactions involving ETH. Meanwhile, ETH supply on centralized exchanges has also declined by 16.4% in just seven days, showing rising confidence among long-term holders, as reviewed…
2025-03-26T02:44:08+00:00