Arthur Hayes: ETH is the Largest Position Outside of Bitcoin, Could Rise to $5000 After Breaking $3000
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Arthur Hayes stated that ETH is the largest position in his portfolio outside of Bitcoin. He believes that as the second-largest cryptocurrency by market capitalization, ETH has yet to break its historical high from 2021, and its risk of going to zero is lower compared to other cryptocurrencies, offering a favorable risk-reward ratio. Hayes thinks that the current cycle has limited upside for ETH, but there is significant room for a rebound. Once it breaks $3000 and establishes a reflexive upward trend, the price could quickly rise above $5000.
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