Key Takeaways
- Former BitMEX CEO Arthur Hayes forecasts Ethereum will reach $10,000 before 2026 concludes, representing more than a tripling from current levels.
- ETH is currently hovering around $2,700, remaining approximately 46% beneath its record high of $4,946.
- Ethereum spot ETFs recorded a $2.8 million withdrawal, breaking an inflow trend that started on September 18.
- The cryptocurrency surged nearly 70% during Q3 2026 following consecutive quarterly declines.
- Total accumulated ETH ETF inflows have climbed to $13.95 billion.
For the last two weeks, Ethereum has maintained trading activity above the $2,500 threshold, though breaking through $2,800 has proven challenging. Technical charts reveal the cryptocurrency is consolidating within a triangular formation.
During his appearance at the KBW2026 conference held in Seoul, Arthur Hayes, who previously served as BitMEX’s chief executive, was questioned about his price outlook for Ethereum. In footage shared on X by CoinDesk, Hayes provided a straightforward response: “$10,000 by the end of the year.” This projection represents over three times ETH’s present trading value around $2,700.
Throughout the conversation, Hayes elaborated on the foundation of his forecast. He noted his confidence in deploying substantial capital into ETH stems from the absence of concern about experiencing a catastrophic 75% decline due to security vulnerabilities.
ARTHUR HAYES JUST CALLED $10,000 ETH BY YEAR-END!
BitMEX co-founder @CryptoHayes tells @CoinDesk he sees ethereum:native at $10,000 by the end of the year.
He said he can put real size into Ethereum without waking up to a 75% hack, and that it is still the most secure… pic.twitter.com/NvqWCLADgE
— Crypto Banter (@crypto_banter) September 30, 2026
He also explored why Ethereum has underperformed relative to competing blockchain platforms. According to Hayes, the explanation lies in market attention and narratives gravitating toward alternative chains.
Hayes’s Confidence in Ethereum’s Security Infrastructure
Hayes highlighted Solana as a case study. The platform successfully dominated the memecoin sector and experienced rapid expansion while Ethereum’s momentum decelerated.
“Ethereum pioneered this whole decentralized computer thing and then was the victim of its own success,” he stated. Alternative blockchain networks absorbed the transaction volume that Ethereum relinquished.
Nevertheless, Hayes maintained that Ethereum continues to be the most robust layer 1 blockchain network available. He supported this assertion by referencing its market capitalization relative to competing altcoins.
Hayes’s personal ETH trading activity has not consistently aligned with his optimistic projections. Last August, he liquidated 2,365 ETH at approximately $1,821 per token, resulting in a $241,000 deficit. His acquisition cost averaged $1,923 per ETH.
During July, he divested 5,900 ETH for nearly $10 million. His purchase just days prior cost $10.58 million, producing a loss exceeding $600,000.
Recent ETF Flow Dynamics Signal Market Transition
Spot Ethereum ETF products maintained consecutive daily net positive flows beginning September 18. Throughout this period, these investment vehicles accumulated over $850 million.
This momentum reversed with a $2.8 million withdrawal during the latest 24-hour trading period. The preceding week alone generated $689.9 million in net positive flows.
Aggregate cumulative capital entering Ethereum ETFs has reached $13.95 billion. September contributed $892 million in net inflows independently, with one session remaining in the month.
Ethereum’s quarterly performance has demonstrated greater strength than recent daily fluctuations indicate. According to Coinglass analytics, ETH appreciated almost 70% throughout Q3 2026.
This recovery followed a 29.26% decline during Q1 and a 25.28% decrease in Q2. The third quarter represented a significant reversal following two consecutive periods of losses.
As of this writing, ETH had declined 1% across 24 hours and approximately 3% over the previous week. However, the two-week window showed gains exceeding 11%, and monthly performance registered 9% higher.
The post Ethereum (ETH) Bulls Energized as Arthur Hayes Projects $10,000 Price Target by Late 2026 appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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