Arthur Hayes' New Investment Move for Ethereum

Former BitMEX CEO Arthur Hayes has once again attracted attention as one of the prominent figures in the cryptocurrency market. Recently, Hayes made a significant investment by purchasing 113.7 Ethereum (ETH) for approximately $520,000. This move is seen as highly significant in terms of signaling to investors.

As cryptocurrency investors eagerly monitor Hayes' purchase, data provided by the on-chain analysis platform Lookonchain indicates that the acquisition was made through Hayes' own wallet. His previous statement that "Ethereum could reach $20,000 in this bull run" has resurfaced in investors' minds. This remark shows that Hayes is extremely optimistic about Ethereum's price potential.

In August, Hayes stated that he would be focusing more on Ethereum rather than Solana (SOL) in this cycle, making significant assessments in the cryptocurrency world. Summarizing his investment strategy with the phrase, "The chart is going up, so I'm buying Ethereum," Hayes believes there is potential for prices to test their highest levels again.

In his previous statements, Hayes emphasized that Bitcoin (BTC) and Ethereum prices could regain strength during expansion periods. In this context, his recent purchase reflects that he still has complete confidence in ETH and carries a long-term investment perspective.

This situation brings attention to important levels that investors need to watch for Ethereum. Hayes' statements and purchases may lead investors to focus intensely on ETH. It is essential to closely monitor how developments and price movements in the cryptocurrency world will impact Ethereum and other digital assets in the long term.