Despite recent market turbulence, BitMine CEO Tom Lee and BitMEX co-founder Arthur Hayes remain confident that Ethereum (ETH) will reach $10,000 by the end of 2025.

Speaking on the Bankless Podcast on October 14, Lee projected Ethereum to trade between $10,000 and $12,000, while Hayes said he remains “fully confident” in that price target.

At press time, Ethereum trades around $4,188, meaning a rally to $10,000 would represent a 142% gain. Both analysts consider this growth achievable, pointing to Ethereum’s long consolidation phase since its 2021 all-time high of $4,878.

“Ethereum has been accumulating for four years and just broke out of its range,” Lee said. “This isn’t a blow-off top — it’s a search for a new equilibrium.”

Lee added that major fundamentals expected in 2026 could further strengthen Ethereum’s position, calling current levels “a strong setup for the next phase.”

While historical data suggests a more conservative year-end target of around $5,000, the analysts agree that Ethereum’s momentum signals renewed investor confidence and a strong foundation for long-term growth.