Arthur Hayes Sees Ethereum at $10,000 by December. Ethereum Has Never Gained 270% in a Quarter From This Size.

Arthur Hayes, co-founder of BitMEX and CIO at Maelstrom, says Ethereum could reach $10,000 by December 31, 2026. In a newsletter dated September 3, he set the target when ETH traded around $2,379. As of October 6, Ethereum was at $2,704, 45.3% below its all-time high of $4,946 reached in August 2025. Hitting $10,000 would require an about 270% gain in 86 days, lifting ETH to nearly four times its current level. Hayes acknowledges the call is speculative and provides no valuation model. The article notes that Ethereum’s biggest quarterly surges occurred when its market cap was under $30 billion, something it has not met recently.