Ethereum Price Prediction: Arthur Hayes Bought 1,939 ETH — Should You Follow?
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Arthur Hayes bought 1,939 ETH (~$3.72M) OTC on July 17, reversing a 6,000 ETH sale in late June and signaling renewed whale accumulation amid broader crypto volatility. Ethereum trades at $1,827.95 (down 1.89% on July 17) after briefly breaking a February descending trendline and pulling back toward the 50-day EMA as open interest fell 5.99% and leveraged long liquidations hit $84.93M in 24 hours, underscoring short-term price risk despite analyst views that ETH is central to tokenized stocks, stablecoins and DeFi/AI adoption.
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- Arthur Hayes bought over 1,939 ETH worth roughly $3.72M in OTC transactions on July 17, reversing a 6,000 ETH sale at a loss in late June
- ETH broke above its descending trendline from February but is pulling back toward the 50-day EMA as leveraged longs absorbed $84.93M in liquidations
- Analyst fly_welinkBTC argues ETH holds a core position in all three narratives likely to drive the next bull market: tokenized stocks, stablecoins, and AI
- A chip stock selloff sent Japan’s Nikkei down 5% on Friday and dragged ETH twice as hard as Bitcoin on the day
Ethereum trades at $1,827.95 on July 17, down 1.89%, giving back gains after pushing above the descending trendline that capped every recovery attempt since February. The pullback is arriving with open interest falling 5.99% and long liquidations hitting $84.93M in 24 hours, pointing to leveraged traders getting shaken out…
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