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Ethereum’s (ETH) Next Stop is $500 – Bitmex CEO – Ethereum World News

In summary:

  • Bitmex Co-Founder and CEO, Arthur Hayes, sees Ethereum hitting $500 in the near future. 
  • Ethereum continues to climb towards $400 even after its latest dip to $325. 
  • Trading of ETH has become popular as Ethereum continues to benefit from DeFi and the progress of the ETH2.0 upgrade. 

The Co-Founder and CEO of Bitmex, Arthur Hayes, is for the idea that Ethereum (ETH) could soon visit the $500 price area in the near future. Mr. Hayes made the comments via Twitter and as Ethereum (ETH) attempted to break the $400 price ceiling.

Ethereum Recovers from the Fast & Furious Dip to $325

Mr. Hayes’ comments were before Ethereum suffered the gut-wrenching drop from $415 to $325 that caught many crypto traders off-guard

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. Ethereum has since regained its bullish momentum and is once again flirting with the $390 – $400 price zone.

A quick glance at the daily ETH/USDT reveals that the digital asset is once again in bullish territory as shall be elaborated with the help of the daily chart.

Ethereum's (ETH) Next Stop is $500 - Bitmex CEO 17

From the ETH/USDT chart, the following observations can be made.