In summary:<\/p>\n
The Co-Founder and CEO of Bitmex, Arthur Hayes, is for the idea that Ethereum (ETH) could soon visit the $500 price area in the near future. Mr. Hayes made the comments via Twitter and as Ethereum (ETH) attempted to break the $400 price ceiling.<\/p>\n
Mr. Hayes comments were before Ethereum suffered the gut-wrenching drop from $415 to $325 that caught many crypto traders off-guard<\/p>\n
A quick glance at the daily ETH\/USDT reveals that the digital asset is once again in bullish territory as shall be elaborated with the help of the daily chart.<\/p>\n<\/p>\n
From the ETH\/USDT chart, the following observations can be made.<\/p>\n
Summing it up, Bitmex Co-Founder and CEO, Arthur Hayes, has put forth one scenario of Ethereum continuing on its upward trajectory and testing the $500 price level. A quick glance at the daily ETH\/USDT chart reveals that Ethereum is still in bullish territory despite its recent dip to $325.<\/p>\n
Furthermore, a clean break above $400 could set in motion the trajectory needed for Ethereum to fulfill Mr. Hayes prediction.<\/p>\n
Additionally, Ethereums momentum in the crypto markets is as a result of the popularity of DeFi and the anticipation of the ETH2.0 upgrade. Proof of high DeFi activity can be seen in a recent Coinbase report that explained how its team handled ETH network congestion on August 1st.<\/p>\n
As with all analyses of Ethereum, traders and investors are advised to use adequate stop losses to protect trading capital.<\/p>\n
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Visit link:<\/p>\n
Ethereum's (ETH) Next Stop is $500 - Bitmex CEO - Ethereum World News<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" In summary: The Co-Founder and CEO of Bitmex, Arthur Hayes, is for the idea that Ethereum (ETH) could soon visit the $500 price area in the near future. Mr. Hayes made the comments via Twitter and as Ethereum (ETH) attempted to break the $400 price ceiling. Continue reading