Crypto Founder Predicts Ethereum Price To Touch $20,000 As Fed’s Powell Turns Dovish – Crypto News – Crypto News
Connect with us
Crypto Founder Predicts Ethereum Price To Touch $20,000 As Fed’s Powell Turns Dovish Crypto Founder Predicts Ethereum Price To Touch $20,000 As Fed’s Powell Turns Dovish

Blockchain

Crypto Founder Predicts Ethereum Price To Touch $20,000 As Fed’s Powell Turns Dovish – Crypto News

Published

4 weeks ago

on

The Ethereum price outlook is heating up as market optimism collides with shifting monetary policy signals. BitMEX co-founder Arthur Hayes has projected that Ethereum could surge to $20,000, citing strengthening market dynamics and favorable macro conditions. The bold forecast comes just as Federal Reserve Chair Jerome Powell adopts a more dovish tone, indicating a possibility of future rate cuts. 

Ethereum Price Projected To Hit Five Figures

Hayes has issued a bold Ethereum price forecast, predicting that the second-largest cryptocurrency could soar as high as $10,000 or even $20,000 before the end of the cycle. In a recent interview, the BitMEX co-founder dismissed the notion that Ethereum would need to retest the $3,000 level before making a move toward new highs, pointing instead to its previous rally above $4,000.  

Related Reading

Notably, Ethereum successfully confirmed support at $4,109 after a sharp surge earlier this month. As a result, crypto analysts like Donald Dean project that ETH could climb to $4,867—or even set a new all-time high near $5,706.  

As for Hayes, he revealed that he has already re-entered the market, buying back Ethereum after previously taking profits when the asset broke above $4,000. The BitMEX founder emphasized that once Ethereum clears its prior peak, the path upward would resemble “a gap of air,” with limited resistance until significantly higher valuations. This conviction, he argued, is reinforced by the fact that crypto-native firms are actively raising capital to allocate into ETH. 

According to Hayes, the ability of these firms to secure funding will only increase if Ethereum breaks into uncharted price territory. His projection of a $10,000 to $20,000 price point is also tied to the political and economic backdrop in the US. The BitMEX co-founder suggested that any digital asset supported by US President Donald Trump would likely benefit from massive speculative inflows, thereby boosting the broader market. 

ETHUSD now trading at $4,725. Chart: TradingView

When asked which cryptocurrency he would primarily invest in between Ethereum and Solana, Hayes responded that both digital assets would appreciate during the bull run. However, he revealed that he was more partial to Ethereum, highlighting that the scale of capital chasing ETH made it a more attractive bet.   

Powell Speech Signals Softer Fed Policy Shift

While speculations about Ethereum’s next price target, US monetary policy appears to be entering a pivotal phase. Recent reports following the Fed Chair’s speech at Jackson Hole indicate that Powell may be hinting at the possibility of a rate cut. 

During his speech, Powell highlighted the shifting balance of risks, acknowledging that while inflationary pressures persist, the slowdown in employment growth requires careful consideration. He further pointed to the effects of higher tariffs, which are beginning to show up in consumer prices, with core PCE inflation rising to 2.9% in July—a 10% increase from the previous month. 

Related Reading

The Fed chair also reiterated that with policy already in restrictive territory, the central bank can “proceed carefully.” Nevertheless, his comments left the door open for an adjustment in stance, with markets widely interpreting them as laying the groundwork for a rate cut at the upcoming FOMC meeting. 

Featured image from Unsplash, chart from TradingView

Related Topics:
Continue Reading

Trending