TLDR
- Tom Lee and Arthur Hayes predict Ethereum will reach $10,000 by end of 2025 despite market pullback
- ETH currently trades at $4,129, requiring 142% gain to hit the $10,000 target
- Historical Q4 data shows average 21.36% returns, suggesting $5,000 is more realistic
- Key support level identified at $3,800 after recent drop below $4,060
- Technical analysts see potential for bullish move if Ethereum holds current demand zone
Two prominent cryptocurrency investors are holding firm on their bullish Ethereum predictions. Tom Lee from BitMine and Arthur Hayes from BitMEX both expect the asset to reach $10,000 before 2025 ends.

Lee discussed his outlook on the Bankless podcast Tuesday. He stated Ethereum could climb between $10,000 and $12,000 by year-end. Hayes echoed this sentiment and confirmed he’s maintaining his $10,000 forecast.
Ethereum currently trades at $4,129. The predicted target would require a 142% increase with under three months left in the year. Both investors believe this gain is achievable despite recent market weakness.
Lee explained that Ethereum has been consolidating since reaching its all-time high of $4,878 in 2021. He views the current situation as a base-building phase rather than a market top. The cryptocurrency briefly touched 2021 highs in August before pulling back.
Over the past year, Ethereum has posted 57.14% gains. Lee suggested fundamental developments coming in the next year support his bullish case. He doesn’t consider $10,000 a peak but rather an important milestone in price discovery.
Historical Data Points to Different Outcome
Past performance indicates a more modest outcome may be likely. CoinGlass data reveals Ethereum has averaged 21.36% returns during Q4 since 2016.
Applying this historical pattern to current prices would place Ethereum near $5,000 by year-end. This figure aligns with other analysts including Tesseract CEO James Harris, who forecasts around $6,500.
The market experienced turbulence last Friday. Over $19 billion in liquidations hit the crypto market. Ethereum dropped from $4,350 before the selloff to its current level.
Technical Picture Shows Mixed Signals
Analyst Ted noted Ethereum broke below critical support at $4,060. This move has traders focused on lower price levels.
The next support zone sits at $3,800. This area has provided strong demand recently. A failure to hold could send prices toward $3,400-$3,600.
However, analyst Nadezhada identified bullish technical signals. A Break of Structure pattern has formed on the charts. This suggests preparation for an upward move.
The demand zone between $3,910 and $3,800 includes a Fair Value Gap and Order Block. These areas typically attract buyer interest. Holding this zone could enable a push toward $4,550.
MN Capital founder Michaƫl van de Poppe views recent weakness as a buying opportunity. He noted the ETH/BTC pair fell to 0.032 on Sunday. Van de Poppe stated Ethereum needs to establish a higher low before targeting new peaks.
Both Lee and Hayes have maintained their bullish stance throughout 2025. They view current prices as an opportunity rather than a warning sign.
The cryptocurrency faces a critical test at the $3,800 support level. Price action in this zone will determine whether bulls or bears control the near-term direction.
Market participants remain divided between aggressive targets above $10,000 and conservative estimates around $5,000. The next few weeks will provide clarity on which scenario plays out.