Prominent crypto analysts Tom Lee, from BitMine, and Arthur Hayes, co-founder of BitMEX, have reiterated their bullish $10,000 price forecast for Ethereum (ETH) by the end of 2025, despite recent market turbulence. In a recent Bankless podcast appearance, Lee projected Ethereum could reach between $10,000 and $12,000, while Hayes confirmed he would stay consistent with his $10,000 year-end target. This represents a potential 142% gain from Ethereum's current price of $4,129.
Lee emphasized that Ethereum has been consolidating since its 2021 all-time high of $4,878 and that breaking out of this range would signal price discovery at a new level, not a market top. Historical data from CoinGlass, however, shows Ethereum has averaged 21.36% returns in Q4 since 2016, which would place the price closer to $5,000 by year-end. Other analysts, like Tesseract CEO James Harris, expect a more conservative $6,500 target.
Technical analysis highlights $3,800 as a critical support level after ETH fell below $4,060. Analyst Ted noted that failure to hold $3,800 could push prices to $3,400-$3,600, while Nadezhada identified a bullish structure forming in the $3,800-$3,910 demand zone. Michaël van de Poppe of MN Capital suggested the recent drop to an ETH/BTC ratio of 0.032 created buying opportunities, with a higher low needed for a rally toward new highs.
The market recently faced over $19 billion in liquidations, causing ETH to drop from $4,350, but Lee and Hayes remain undeterred, citing fundamental developments ahead. Ethereum has gained 57.14% over the past 12 months, underscoring its resilience amid volatility.
