Arthur Hayes said ETH is the largest position in his portfolio outside Bitcoin. He argued that Ether still sits below its 2021 all-time high, carries a lower risk of going to zero than many other crypto assets, and offers a better risk-reward setup. Hayes also said ETH’s gains have been relatively limited in this cycle, leaving room to catch up. If ETH breaks $3,000 and starts a reflexive move higher, he thinks the price could quickly climb above $5,000. This was reported by Odaily.
Odaily reported that Arthur Hayes said ETH is the largest position in his portfolio outside Bitcoin.
Hayes said Ether remains below its 2021 all-time high. He also argued that ETH carries a lower risk of going to zero than many other crypto assets, which makes its risk-reward profile more attractive.
He added that ETH’s gains in this cycle have been relatively modest, leaving room for catch-up. If ETH breaks $3,000 and starts a reflexive rally, Hayes said the price could quickly move above $5,000.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
