Arthur Hayes, co-founder of the BitMEX exchange, predicted that Ethereum could reach $10,000 by the end of the year. Currently, ETH is trading above $2,500 but faces resistance at $2,800 within a symmetrical triangle pattern. After attracting over $850 million in positive net inflows since September 18, Spot Ethereum ETFs recorded net outflows of approximately $2.81 million in the past 24 hours. Hayes highlighted that Ethereum remains the most secure layer 1 in the market due to its market cap, while attributing its recent underperformance to Solana capturing the memecoin narrative.
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