Ethereum (ETH) may be heading into a crucial moment. While the crypto market sends mixed signals, two big names — Tom Lee and Arthur Hayes — are sticking to their bold prediction: Ethereum will reach $10,000. Whether this is based on solid data or just strong belief is still unclear. The market remains uncertain, but many think Ethereum still has major potential.

For the past four years, Ethereum has been trading in a fairly steady range. Recently, it broke out of that range, which some see as the start of a new growth phase — not just a temporary spike, but a search for a new price level.

Arthur Hayes compares Ethereum to tech giants like Nvidia or Amazon Web Services (AWS). He says Ethereum is the decentralized version of these companies because it offers secure digital space for apps, AI systems, and financial transactions — even those from Wall Street. This comparison is bold and not everyone agrees, but it shows how powerful Ethereum’s role in the digital world could become.

Right now, Ethereum is priced around $4,150 — still far from that $10,000 goal. So, are these predictions visionary or overly optimistic? The market hasn’t decided yet.

From a technical standpoint, ETH has strong support near $3,800 and faces resistance at around $4,550. This means buyers are stepping in at lower prices while sellers dominate at higher levels. Until one side wins out, the price could stay stuck in this range.

Analyst Michaël van de Poppe is hopeful. He says if the ETH/BTC pair forms a higher low (currently at 0.032), we could see momentum build for another push upward.

Fundamentals look more encouraging. Ethereum-based ETFs might bring in as much as $30 billion by mid-2025. The network also leads stablecoin activity, handling 54% of tokenized stablecoins — that’s about $247 billion. Historical data shows ETH tends to perform well in Q4, averaging a 21.36% gain since 2016. If that trend continues, ETH could reach $5,000 — still below the target but moving in the right direction.

Upcoming updates like Pectra and Fusaka aim to improve network scalability, lower fees, and offer staking rewards between 4–5%. These upgrades could boost confidence and attract more users and investors.

Despite the positive outlook, timing is still uncertain. Some believe a bull run is coming soon, while others think this is just a short-term bounce. Optimism is growing, but many remain cautious.

Large investors and institutions are clearly bullish. They’re buying more ETH, with trading volume on key support levels surpassing $60 billion. Plus, ETH reserves on exchanges have dropped to 16 million units — a sign that holders expect prices to rise and are keeping their coins off exchanges.

Even more conservative voices like Citigroup are setting price targets around $4,300. Meanwhile, EMJ Capital supports the ambitious $10,000 forecast. If enough people believe in it and act accordingly, the prediction could end up coming true.

In the middle of all this uncertainty, some cryptocurrencies are quietly outperforming expectations. Binance Coin (BNB), for example, just hit a new all-time high. It’s a reminder that each crypto asset moves at its own pace. While Ethereum eyes massive gains, other tokens are building strength in their own way.