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?
Can Ethereum Hit $2,750 on Hayes’ News?
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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Bitcoin Hyper Targets Early Mover Upside as Ethereum Tests Key Levels
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.
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.
