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Ethereum is consolidating, but the price action is secondary to the improving ETH/BTC ratio and recent commentary from Arthur Hayes, which has drawn significant attention to the asset. The BitMEX co-founder identified Ethereum as his “number one pick” in a weekend interview, suggesting the token could surge three to five times “pretty quickly” and describing it as “one of the most unloved large-cap assets in crypto.”
These comments arrive as Ethereum’s Relative Strength Index (RSI) sits at 76.3, indicating technically overbought conditions, while the asset grinds against resistance at $2,500. Hayes has not abandoned Bitcoin; he still projects BTC could reach approximately $1 million within four years, driven by potential mass money printing.
According to Hayes, his near-term rotation call is shifting market sentiment, raising the question: Does relative strength against Bitcoin actually translate into fresh capital inflows, or is this merely narrative noise before a pullback?
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Can Ethereum Hit $2,750 on Hayes’ News?
ETH is holding in the mid-$2,400s after slipping from Sunday’s high near $2,500. Spot inflow data remains thin despite the bullish framing, highlighting a gap between Hayes’ narrative and on-chain activity.
Currently, the $2,500 level serves as a critical threshold. A clear breakout with volume toward $2,580 could make $2,750 achievable, supported by a bullish MACD and price holding above medium- and long-term moving averages.
Ethereum (ETH)24h7d30d1yAll time
Failure to consolidate above $2,500 would flip the setup. A rejection could send ETH toward $2,380, with a deeper retrace to $2,300. If the 200-day moving average support at $2,245 breaks, a retest of $2,030 becomes the bear case.
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Bitcoin, meanwhile, is trading at $78,500, down a modest 0.20%, and still commanding 59.79% dominance. This level keeps the “rotation” thesis more theoretical than proven. Traders monitoring this pair should track both levels before taking a position.
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Bitcoin Hyper Targets Early Mover Upside as Ethereum Tests Key Levels
Hayes’ endorsement validates the Ethereum bull case at a macro level, but a three-to-five-fold increase on a $2,450 asset with a market cap in the hundreds of billions requires enormous capital rotation to materialize quickly. This represents the ceiling problem with large-cap plays: the upside is real but potentially slow.
Smaller-cap infrastructure bets tied to Bitcoin’s scaling story offer a different risk profile, which is where Bitcoin Hyper ($HYPER) enters the conversation.
Bitcoin Hyper is building the first Bitcoin Layer 2 with native SVM integration, aiming for execution speeds that surpass Solana while settling back to Bitcoin’s base layer. The presale has raised $33 million so far, with tokens priced at $0.0136855 and staking rewards currently live at a high 35% APY.
Its Decentralized Canonical Bridge targets issues Bitcoin has never solved, such as slow transactions, high fees, and zero programmability, without sacrificing BTC’s security model.
Research Bitcoin Hyper before committing capital.
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The post Ethereum News: Hayes Backs ETH as It Strengthens Against Bitcoin appeared first on Cryptonews.
