Arthur Hayes Declares “ETH Season” Has Begun

HKAN | Jul 18

Arthur Hayes, co-founder and ex‑CEO of BitMEX, has boldly proclaimed on X (formerly Twitter): “It’s $ETH season.” He’s set the tone for what he calls a full-on altcoin resurgence led by Ethereum, and the market's recent rally backs his claim .

 

 

What’s Powering This Surge?

Hayes lays out three key tailwinds fueling the comeback for Ethereum:

1. Technical Breakouts – ETH has surged about 30% in just two weeks, recently clearing the $3,200 mark .

 

2. On-Chain Optimism – He suggests Ethereum stands to outperform after Bitcoin consolidates, with strong performance across DeFi and NFT sectors .

 

3. Options Market Buzz – A wave of bullish bets on ETH options (like $4K–5K strikes) reveals growing speculative interest .

 

 

Why It Matters for You

Hayes isn’t just ranting—he’s referencing data. Multiple platforms have noted that Bitcoin’s consolidation often opens the door for altcoin rallies, especially when Ethereum shows strength on-chain . As ETH surpasses key thresholds, he predicts that “best-in-class” tokens across ecosystem verticals will follow suit .

 

 

Final Take

Arthur Hayes’ declaration of “ETH season” is more than hype it's grounded in price momentum, on-chain indicators, and financial instrument trends. As Ethereum continues to outperform, this could mark the beginning of a new altcoin cycle—this time with Ethereum at the forefront.

 

🔍 Want to verify yourself? Head over to HKAN to explore AI-driven crypto predictions, historic price charts, candlestick analysis, and deeper insights into Ethereum’s next move.