Emre Yumlu 
Ethereum (ETH) has once again become a hot topic in the crypto world, following fresh predictions from two prominent market figures. Tom Lee, chairman of BitMine, and Arthur Hayes, co-founder of BitMEX, both believe that Ethereum could reach $10,000 before the end of the year, signaling renewed optimism for the world’s second-largest cryptocurrency.
Ethereum Enters a New Phase of Price Discovery
In late August, Ethereum surged past $4,900, setting a new all-time high (ATH) and surpassing its 2021 record. However, this rally was followed by significant pullbacks, particularly at the end of September and again last Friday. Despite these corrections, both Lee and Hayes remain confident that Ethereum’s long-term bullish outlook is intact.
During an appearance on the Bankless podcast, Tom Lee dismissed claims that the recent rally was a speculative bubble. Instead, he described it as part of a healthy price discovery process for the asset:
“Our year-end price target for Ethereum remains between $10,000 and $12,000. What we’re seeing isn’t a bubble — it’s a search for a new equilibrium in the market.”
Long-Term Confidence from Market Veterans
Lee emphasized that Ethereum has traded sideways for roughly four years since 2021 and recently broke above that long-standing range. According to him, this breakout marks the beginning of a sustainable uptrend rather than a short-term frenzy.
Arthur Hayes echoed this view, reaffirming his $10,000 price target for Ethereum by the end of the year and highlighting the project’s solid fundamentals and expanding ecosystem as key growth drivers.
Current Market Outlook
At the time of writing, Ethereum is trading near $4,100, meaning a move to $10,000 would represent an impressive 143% increase. While such a rally would require favorable market conditions, analysts argue that Ethereum’s growing adoption, network upgrades, and institutional interest make this ambitious target well within reach.
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