Tom Lee and Hayes Stick to $10K ETH Call, Here’s Why
- Tom Lee and Arthur Hayes hold firm on their $10K Ethereum prediction before 2025 ends.
- BitMine’s 104,336 Ethereum addition lifts its holdings to over 3.03 million tokens
- Liquidity changes, Fed policy and network upgrades influence Ethereum’s movement.
Ethereum’s price outlook has drawn renewed attention after two industry figures doubled down on bold year-end targets. Tom Lee of BitMine and Arthur Hayes of BitMEX reaffirmed that ETH could still reach $10,000 before 2025 closes, despite the current $4,129 price and less than three months remaining. Their projections came alongside a major Ethereum purchase executed this week.
Large Treasury Move and Lee’s Position
BitMine added 104,336 ETH worth about $417 million on Thursday, according to Lookonchain. The tokens were transferred from wallets linked to Kraken and BitGo into three new addresses through seven transactions. The firm has not publicly commented on the purchase.
With that addition, BitMine now holds roughly 3.03 million ETH valued near $12.2 billion. The company has previously stated a goal of getting 5% of Ethereum’s circulating supply. This follows an $827 million ETH purchase made during a market drop that led to $19 billion in liquidations.
Tom Lee, who chairs BitMine, reiterated his $10,000 to $12,000 expectation during a Bankless appearance. He said the move higher would reflect price discovery rather than speculative hype. He tied his outlook to regulatory developments, institutional exposure and Ethereum upgrades that reduce network costs.
Hayes Cites Macro Uncertainty and Liquidity Trends
Arthur Hayes also restated his $10,000 forecast. He pointed to expanding government credit creation and the rising role of stablecoins in global markets. In his view, those conditions increase capital directed toward digital assets.
Both acknowledged ongoing volatility. However, they noted Ethereum has recovered from previous dips quickly at times. The asset is up around 57% over the past year, even with recent market pressure tied to macro uncertainty.
Analysts have identified $3,800 as a current support level. A sustained move above $4,550 could change the trading range if volume rises.
Related: Tom Lee Predicts Ethereum Could Hit $30K as BitMine Expands ETH
Optimism on Fed Policy, Technology and Adoption
Tom Lee and Hayes also referenced potential changes in monetary policy. Expectations of Federal Reserve rate cuts have supported risk assets throughout the year. Institutional participation has expanded similarly, especially through treasuries and custody services.
BitMine’s accumulation is a broader pattern of firms adding ETH exposure. Supporters say that big purchases could affect supply and market mood, especially if other companies follow the same path.
Hayes and Lee both linked their views to Ethereum’s growing role in financial markets. They pointed out that recent network upgrades have made it faster and cheaper to use, giving it an edge over rivals.
While Ethereum’s performance has changed from year to year since 2016, both believe the current market situation is different from past cycles. They also emphasized that ETH has consolidated since its 2021 peak. Breaking above previous highs, they said, would represent a new range rather than a market top.
Meanwhile, Ethereum trades far below the level needed to meet the $10,000 mark, yet Tom Lee and Arthur Hayes have not changed their stance. Their public comments followed another major purchase by BitMine, which now controls more than three million ETH. They link their outlook to liquidity trends, regulatory movement and institutional demand rather than short-term speculation.
