Despite ongoing volatility and a sharp correction across crypto markets, BitMEX co-founder Arthur Hayes and BitMine chair Tom Lee remain confident that Ethereum (ETH) will surge to $10,000 before 2025 concludes.
Speaking on the Bankless podcast, both investors argued that short-term price swings are “noise” within a broader accumulation cycle. Lee, who set his year-end target between $10,000 and $12,000, said Ethereum is emerging from a multi-year consolidation phase that began after the 2021 bull peak. “Ethereum isn’t overheating,” he noted. “It’s rediscovering its value after four years of building.”
Hayes echoed that sentiment, reaffirming his long-term bullish stance. He described the current market as a setup for “price discovery 2.0,” where ETH transitions into a more mature valuation stage driven by adoption and capital rotation.
At its current level around $4,100, Ethereum would need roughly a 140% rally to hit their projected target.
Both analysts believe this move is achievable if institutional inflows return and macro conditions stabilize, pointing to Ethereum’s growing influence in decentralized finance (DeFi) and real-world asset tokenization as key catalysts for the next leg higher.
