Despite news that BitMEX will soon shut down, one of its founders is still heavily investing in Ethereum, which has quickly gained popularity.
Ethereum’s price has been rising steadily in recent weeks, recently reaching nearly $2,000 – a level it hasn’t seen in months. As a result, analysts are once again making bold predictions about its future price.
Hayes Adds More
Arthur Hayes recently made a somewhat surprising move with the second-largest cryptocurrency. He sold off all of his holdings for over $10 million, averaging around $1,700 per coin. However, he originally bought those coins at an average price above $1,900, meaning he took a loss on the sale.
After the price of the cryptocurrency recovered and exceeded $1,900 later in the month, Hayes began buying it again. According to data from Lookonchain, he’s spent approximately $7.5 million since July 15th, acquiring a total of 3,915 ETH.
He recently purchased an additional 645 Ethereum tokens for $1.2 million. Despite this purchase, his average cost per Ethereum remains a little over $1,900.
Arthur Hayes(@CryptoHayes) bought another 645 $ETH ($1.2M) 9 hours ago.
Starting on July 15th, Arthur Hayes purchased 3,915 Ethereum for a total of $7.47 million, averaging around $1,909 per coin. Currently, this investment is down approximately $113,000.
— Lookonchain (@lookonchain) July 26, 2026
$4K ETH?
Doctor Profit, a well-known crypto analyst who accurately predicted recent market drops – including the significant crash from $126,000 – now seems much more optimistic about the future of cryptocurrency. He’s particularly enthusiastic about Ethereum, and his positive outlook is largely focused on this specific coin.
He shared today that Ethereum now makes up a bigger part of his cryptocurrency investments than Bitcoin – a first for him.
Historically, Ethereum has made up about 10% of my cryptocurrency investments, alongside Bitcoin. Recently, I’ve been increasing that amount – first to 20%, and now to 60%. This is a significant change, as it means I’ll be holding more Ethereum than Bitcoin for the first time ever during this investment cycle.
He says he’ll explain his reasoning later, but he’s already suggested the second-largest cryptocurrency, Ethereum, could reach $4,000. This prediction is likely behind the recent surge in large bets on ETH.
$ETH: Who is ready for $4000 ?
For the first time, I bet EXTREME on ETH
— Doctor Profit (@DrProfitCrypto) July 26, 2026
2026-07-27 08:35