Ethereum News: Hayes Backs ETH as It Strengthens Against Bitcoin

Ethereum is flatlining, but the number doesn’t really matter now, as the ETH/BTC ratio and Arthur Hayes’ news have given us a reason to watch it closely. The BitMEX co-founder called Ethereum his “number one pick” in an interview this weekend, arguing the asset could run 3 to 5x “pretty quickly” and calling it “one of the most unloved large-cap assets in crypto.”

The comments land as Ethereum’s RSI sits at 76.3, which is technically overbought, while grinding against resistance at $2,500. Hayes, however, hasn’t abandoned Bitcoin; he still projects BTC toward roughly $1 million within four years on the back of potential mass money printing.

According to Hayes, his near-term rotation call is what’s moving sentiment, and it raises the obvious question: Does relative strength against Bitcoin actually translate into fresh capital inflows, or is this just narrative noise before a pullback?

Discover: The Best Crypto to Diversify Your Portfolio

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, which is the gap between Hayes’ narrative and what’s actually showing up on-chain.

… Continue reading the full article at the original source below.