According to online reports, BitMEX co-founder Arthur Hayes believes that Ethereum may rise to $5,000 this year, almost doubling its price and is expected to hit a record high, although the asset has recently fallen behind other competing projects such as Bitcoin and Solana. Arthur Hayes told Decrypt at the Bitcoin2025 conference in Las Vegas,"I think ETH may rise to $4,000 to $5,000 this year. I think it is the most despised L1 public chain at the moment, and usually when the market cycle reverses, you should hold the most hated assets, so I think ETH may perform better than others." Arthur Hayes 'latest forecast also continues his bullish stance on Bitcoin, saying earlier this month that the price of Bitcoin could rise to $1 million by 2028.