Key Insights:
- BitMex co-founder Arthur Hayes has just laid out another $10,000 prediction for Ethereum.
- This prediction is backed by massive investor interest and bullish indicators.
- While this prediction requires a price tripling from Ethereum, Ethereum has performed even bigger bullish feats in the past.
Ethereum is back in the spotlight, after spending months in a crab-walk. Now with Ethereum back in the game, BitMEX co-founder Arthur Hayes is making headlines with another forecast: A $10,000 price target for ETH.
This prediction isn’t just wishful thinking. It’s backed by several institutional developments, bullish technical indicators and investor sentiment that sets Ethereum up as a serious treasury asset.
Arthur Hayes Sets the Stage For A $10,000 Ethereum
Arthur Hayes, who is known for making strong market claims recently took to X to lay out another bullish stance on Ethereum. According to Hayes, ETH is on track to hit $10,000, which is nearly four times its current price.
Arise Chikun, it’s time…$ETH = $10,000
Yachtzee
pic.twitter.com/zRGlPh9LTJ
— Arthur Hayes (@CryptoHayes) July 10, 2025
While this prediction sounds aggressive, it works well with Ethereum’s growing reputation as a long-term investment for institutions. Hayes’’ optimism comes from the belief that Ethereum is in the middle of a shift in how it’s perceived.
The cryptocurrency is no longer just a tool for developers and DeFi enthusiasts. Instead, it is now being embraced by corporations as a store of value, much like Bitcoin.
The New Trend of ETH Treasury Strategies
Perhaps the most important catalyst for supporting Hayes’ prediction is the recent trend of companies adopting Ethereum in their treasury strategies.
For example, GameSquare, a Nasdaq-listed company recently announced plans to allocate $100 million to Ethereum as part of its treasury management plan. To fund this, they offered over 8.4 million public shares with the aim to raise around $8 million in initial capital.
In addition, full treasury allocation will be implemented in stages. This shows strong institutional faith in ETH as a long-term asset. Then there’s SharpLink Gaming, which recently made headlines by becoming the largest Ethereum treasury holder.
It added $19.2 million worth of ETH to its holdings recently, and further validated the idea that Ethereum is more than just a speculative asset.
Many speculators have also raised issues with the recent news of the Ethereum Foundation selling 10,000 ETH in an over-the-counter (OTC) deal.
However, the context tells a different story. The buyer was Sharplink Gaming Inc., which announced plans to stake and restake the entire purchase, worth around $25.7 million.
THE ETHEREUM FOUNDATION IS SELLING
BUT SHARPLINK GAMING IS BUYING $ETH pic.twitter.com/2PtPN6LGXZ
— Arkham (@arkham) July 11, 2025
Ethereum Technical Indicators Support the Rally
While institutional interest is one piece of the puzzle, Ethereum’s price charts are also showing bullish signals.
Ethereum currently trades at around $3,005. It has broken past the psychologically significant $3,000 barrier, after weeks of hovering below it. In the past two days alone, ETH rose nearly 8% and over the last week, it has surged more than 7.8%.
Trading volume is up too, after rising 44% to $41.36 billion.
Analyst Crypto Goos recently shared a bullish outlook, calling ETH’s recent movement a “buy signal”. Overall, it bears mentioning that for ETH to reach $10,000, it would need to more than triple from its current price.
While this sounds like a lot, this cryptocurrency rose from around $90 in March 2020 to nearly $4,900 by November 2021. Registering a more than 50x increase in under two years.
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