Arthur Hayes, the founder of BitMEX, has raised his price prediction for Ethereum (ETH) to between $10,000 and $20,000 by the end of the current market cycle. This bullish outlook follows Ethereum's recent achievement of a new all-time high price of $4,789. Hayes attributes this potential rise to expected quantitative easing measures by the Trump administration, which he believes will lead to increased money supply and asset inflation. He noted that once Ethereum breaks past its previous highs, there will be significant upward movement, driven by institutional interest and the ability for digital asset companies to raise capital more easily. Hayes has previously been optimistic about Ethereum's trajectory, suggesting that strong demand from treasuries and favorable regulatory developments are also contributing factors to its growing price momentum. With on-chain data indicating significant whale activity, Hayes's predictions reflect a substantial shift in market sentiment towards Ethereum as it gains traction as a leading cryptocurrency.

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