Ethereum Surges 7% to $2,900 — Arthur Hayes Says $10,000 Is Just the Beginning!

Jakarta, Pintu News – As the future of Ethereum (ETH) continues to be in the spotlight, BitMEX co-founder Arthur Hayes makes a bold prediction.

In an ambitious prediction, Hayes projects the price of ETH to reach $10,000. This prediction carries significant weight, especially considering the growing demand for ETH for treasuries.

Then, how is Ethereum’s current price movement?

Ethereum Price Up 7.11% in 24 Hours

As of July 11, 2025, Ethereum was trading at approximately $2,963, or around IDR 48,222,464 — marking a 7.11% increase over the past 24 hours. Within that timeframe, ETH dipped to a low of IDR 44,867,871 and climbed as high as IDR 48,479,538.

At the time of writing, data from CoinMarketCap shows that Ethereum’s market capitalization stands at around $358.07 billion, with daily trading volume rising 32% to $36.35 billion within the last 24 hours.

Read also: Bitcoin Surges 4% to Hit $116K — Is $120K Just Around the Corner?

Will ETH Price Reach $10,000? Predictions from Arthur Hayes

In his latest post on X, BitMEX co-founder Arthur Hayes expressed a bullish view on ETH prices. According to his projections, ETH has the potential to reach $10,000 in the near future.

Interestingly, Hayes’ prediction coincides with the increasing acceptance of ETH as a treasury asset, which is now starting to rival Bitcoin (BTC). For example, Pintu News recently reported that GameSquare, a Nasdaq-listed company, announced a $100 million Ethereum treasury strategy.

The platform also announced a public offering of 8,421,054 shares at $0.95 per share, and expects to raise approximately $8 million in gross proceeds before expenses. These funds will be allocated to execute the $100 million ETH treasury strategy.

Notably, Arthur Hayes’ bullish view on ETH reflects the increased accumulation of Ethereum by institutions.

According to CoinGape, SharpLink Gaming is now the largest Ethereum treasury holder, having added $19.2 million to their existing ETH portfolio.

Read also: 5 Cryptos that Rallied Like Crazy Today (11/7): Number 1 Altcoin Jumps 100%!

ETH Price Predicted to Continue Bullish Trend

As of July 10, Ethereum was trading at $2,790, up 6.88% in one day. Over the past week and in the past month, ETH price has surged by 7.8% and 4.2% respectively.

In the latest Ethereum price analysis, the CoinGape website reported that ETH is likely to hit $4,000 soon.

Referring to the formation of a golden cross and bullish flag pattern on the daily price chart, analysts predict a continued upward trend for this altcoin.

Meanwhile, crypto analyst Ted highlighted the importance of the crucial level at $2,800. Based on the chart he laid out, if ETH manages to break the $2,800 mark, the next target is expected to be at $4,000.

He stated, “ETH is trading at range-highs again. All eyes are on $2,800 now.” Another market expert, Crypto Goos, also gave a buy signal indicating a potential massive price rally.

In line with Arthur Hayes’ prediction, Fundstrat’s Tom Lee also projects an ETH price rally towards $10,000.

He believes that ETH is currently undervalued at around $2,500 and mentions that the trend of tokenization, the increasing adoption of stablecoins, as well as the revival of activity on the Ethereum network could push the price of ETH to continue to rise.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Arthur Hayes Forecasts $10K ETH Price as Corporate Ethereum Treasuries Hit New Highs. Accessed on July 11, 2025