Arthur Hayes Buys More ETH While Traders Target $4,000

BitMEX co founder Arthur Hayes is back in the market for Ethereum, continuing his recent buying spree as the asset gains fresh momentum. On chain data shows he spent another $1.2 million to pick up 645 tokens. Since mid July, he has invested roughly $7.5 million to acquire nearly 4,000 tokens at an average price just above $1,900. This fresh accumulation follows an earlier trade where he sold at a loss, showing his renewed confidence in the leading altcoin.

Sentiment around Ethereum is shifting fast, with major analysts turning notably bullish. One well known trader revealed that Ethereum now makes up sixty percent of their crypto portfolio, overtaking Bitcoin for the first time. Predictions pointing toward a rally to $4,000 are gaining traction across social media, drawing plenty of attention from retail and institutional traders alike.

As Ethereum trades near the $2,000 mark, market participants are watching closely to see if the momentum can hold. If large investors like Hayes continue buying and major analysts keep backing higher targets, the path toward $4,000 might become a serious reality for the market.