Ethereum News: Hayes Backs ETH as It Strengthens Against Bitcoin

Ethereum is flatlining, but the number doesn’t really matter now, as the ETH/BTC ratio and Arthur Hayes’ news have given us a reason to watch it closely. The BitMEX co-founder called Ethereum his “number one pick” in an interview this weekend, arguing the asset could run 3 to 5x “pretty quickly” and calling it “one of the most unloved large-cap assets in crypto.”

The comments land as Ethereum’s RSI sits at 76.3, which is technically overbought, while grinding against resistance at $2,500. Hayes, however, hasn’t abandoned Bitcoin; he still projects BTC toward roughly $1 million within four years on the back of potential mass money printing.

According to Hayes, his near-term rotation call is what’s moving sentiment, and it raises the obvious question: Does relative strength against Bitcoin actually translate into fresh capital inflows, or is this just narrative noise before a pullback?

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ETH is holding in the mid-$2,400s after slipping from Sunday’s high near $2,500. Spot inflow data remains thin despite the bullish framing, which is the gap between Hayes’ narrative and what’s actually showing up on-chain.

As of now, the $2,500 level remains the line in the sand; clear it with volume and a push to $2,580, then $2,750, looks achievable given the bullish MACD and price holding above medium- and long-term moving averages.

Failure to consolidate above $2,500 flips the setup. A rejection sends ETH toward $2,380, with a deeper retrace to $2,300 and, if the 200-day moving average support at $2,245 breaks, a retest of $2,030 becomes the bear case.

Bitcoin, meanwhile, is at $78,500, down a modest 0.20% and still commanding 59.79% dominance in a level that keeps the “rotation” thesis more theoretical than proven. Traders watching this pair should track both levels before taking a position.

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Hayes’ endorsement validates the ETH bull case at the macro level, but a 3-5x on a $2,450 asset with a market cap in the hundreds of billions requires enormous capital rotation to materialize quickly. That’s the ceiling problem with large-cap plays, the upside is real but slow.

Smaller-cap infrastructure bets tied to Bitcoin’s own scaling story offer a different risk profile entirely, and that’s where Bitcoin Hyper ($HYPER) enters the conversation.

Bitcoin Hyper is building the first Bitcoin Layer 2 with native SVM integration, aiming for execution speeds that beat Solana while settling back to Bitcoin’s base layer. The presale has raised $33 million so far, with tokens priced at $0.0136855 and staking rewards currently live at a high 35% APY.

Its Decentralized Canonical Bridge targets the exact problem Bitcoin has never solved, like slow transactions, high fees, and zero programmability, without giving up BTC’s security model.

Research Bitcoin Hyper before committing capital.

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