- Ethereum reached a new all-time high of US$4,953 (AU$7,627) after surging 10% over the past week and nearly 4% in 24 hours, now eyeing the US$5,000 milestone.
- Crypto analyst Bit Bull suggests ETH could reach US$5,500 in the short term, citing Ethereum’s achievement of its “highest weekly close ever” as technical confirmation.
- Arthur Hayes predicts an ambitious rally to US$10K-$20K this cycle, arguing that breaking past the ATH creates a “gap of air” enabling sharp upward movement.
- Institutional demand is accelerating with digital-asset treasury companies raising capital specifically for Ethereum purchases, whilst dovish Federal Reserve signals provide additional macroeconomic support.
Ethereum (ETH) has just hit a new all-time high, after it surged 10% over the past week and almost 4% over the past 24 hours alone. ETH currently trades at US$4,691 (AU$7,220) eyeing the US$5K (AU$7.69K) mark.
It made the ATH at US$4,953 (AU$7,627) just earlier.
Crypto analyst Bit Bull wrote on X that ETH could go as high as US$5.5K (AU$8.47K) in the short run, as it has just managed the “highest weekly close ever”.
Arthur Hayes Sees Ethereum Soaring to US$20,000 This Cycle
Another prominent industry figure, crypto veteran Arthur Hayes, now CIO at Maelstrom, goes even further than Bit Bull.
Hayes believes in an Ethereum rally to between US$10K (AU$15.4K) and US$20K (AU$30.8K) before this market cycle concludes. Hayes, speaking on the Crypto Banter podcast, said succinctly: “The chart says it’s going higher, you can’t fight the market.”
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Hayes cites technical analysis as the primary driver of his optimism. He argues that once Ethereum breaks decisively past its all-time high, a so-called “gap of air” opens – clearing the path for a sharp upward ascent.
Institutional Demand and Treasury Buying Gain Momentum
Beyond technical factors, Hayes points to growing institutional engagement as key fuel behind his forecast. He notes that digital-asset treasury companies are raising fresh capital explicitly to purchase Ethereum, and that the process becomes smoother as ETH breaks higher. This surge in corporate treasury accumulation reinforces his view of a bullish trajectory.
Hayes also highlights the broader macroeconomic context – particularly dovish signals from the U.S. Federal Reserve – as a reinforcing catalyst. As Fed Chair Jerome Powell hinted at potential rate cuts in Jackson Hole, Ethereum responded with the price jump and new ATH.
Hayes’ ETH price prediction is somehow higher than his previous musings on the second-largest crypto. Back in May, he believed the top for Ethereum was likely US$15K. At the time, Hayes said that ETH had been “kind of dead”, and “it was time” for Ether.
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