Former BitMEX CEO Arthur Hayes came to the fore in February when the exchange admitted to accusations that it deliberately failed to implement an anti-money laundering (AML) program. In addition, Arthur Hayes is frequently mentioned with his predictions.

Former BitMEX CEO Arthur Hayes has made several predictions for the post-merge price performance of Etheruem (ETH). Arthur Hayes thinks that if the transition to proof-of-stake is successful and the Fed reverses its hawkish stance, the price of the cryptocurrency could hit as high as $5,000 after the merger.

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Hayes, in particular, thinks that the much-anticipated event, which is expected to take place this September, is not actually priced in by the market. Earlier, Arthur Hayes warned crypto investors that there could be more forced selling in the short term.

Arthur Hayes, the former CEO of the BitMEX exchange, targeted the end of the year for Ethereum (ETH). Arthur Hayes said in a Medium post that the Ethereum price will drop to $2500 by the end of June.

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Ethereum Price

Ethereum price was recorded as $1.65 at the time of writing, according to CoinGecko data, while the last 24-hour trading volume of the leading altcoin Ethereum (ETH) was $14,504,148,050. Ethereum (ETH) price is up 2.2% in the last 24 hours. There is a circulating supply of 120 Million ETH coins, with a total supply of 120 Million ETH coins. Binance is currently the most active market for Ethereum (ETH) trading.

Ethereum price also reacted to the downside below the $1,600 level. However, ETH remained above the $1,650 support. The price is currently rising and trading around $1,660. ETH is up about 1% in one day and down 4% in a week. The next key resistance is near the $1,680 level, above which the price could gain bullish momentum. In this case, the price could rise to $1,750. An initial support on the downside is near the $1,600 level. The next major support is near the $1,550 zone, below which the price could continue to decline.