Arthur Hayes: ETH is His Largest Position Outside Bitcoin; Breaking $3,000 Could Send It Racing Toward $5,000

Odaily News: Arthur Hayes stated that ETH is the largest position in his portfolio outside of Bitcoin. He believes that ETH, as the second-largest crypto asset by market capitalization, has yet to surpass its 2021 all-time high and carries a lower risk of going to zero compared to other crypto assets, offering a favorable risk-reward ratio.

Hayes noted that ETH's gains in this cycle have been relatively limited, leaving significant room for a catch-up rally. Once it breaks above $3,000 and forms a reflexive upward trend, the price could quickly rise above $5,000.