- 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.
— Arthur Hayes (@CryptoHayes) August 2, 2020
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
. 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.
From the ETH/USDT chart, the following observations can be made.