Ethereum Price Could Rise to $5.000 by 2025, Says Arthur Hayes

• Arthur Hayes predicts ETH to hit $5.000 by 2025
• Layer 2 expands use of Ethereum and stablecoins
• Options market reinforces optimism about Ethereum

Former BitMEX CEO and well-known cryptocurrency investor Arthur Hayes has stated that Ethereum could reach between $4.000 and $5.000 this year. The statement was made during his participation in the Bitcoin 2025 event in Las Vegas. For Hayes, the digital asset is being undervalued by the market and could surprise as the market cycle evolves.

“I think ETH could reach $4.000 or $5.000 this year,” he said. For him, Ethereum is currently the “most hated” layer 1, which historically leaves room for significant appreciation in market cycles. ETH’s current price is around $2.592,44, which would indicate an appreciation of up to 85% if the projection comes true.

Despite Solana’s growth in recent months, Ethereum has recently gained momentum, accumulating more than 45% in appreciation in the last month. One of the drivers of this recovery is the network’s central role in the stablecoin ecosystem, as analyzed by the company Bernstein. According to data, around 51% of the total supply of these coins is in Ethereum.

Bernstein also pointed to the expansion of layer 2 solutions as a key driver for the network’s growth. Robinhood, for example, operates its own Ethereum-based solution and could explore the use of blockchain-based stock tokens. Since these solutions use ETH for transaction fees, adoption is likely to drive demand for the asset.

In early May, the Pectra upgrade also gave Ethereum a boost, cementing a recovery that rekindled confidence in the project. Still, the asset faces internal challenges, including criticism of the Ethereum Foundation and changes in leadership, which came after a period of tension within the developer community.