Ethereum\u2019s price has joined the overall market rally on Tuesday, climbing above $1,900 for the second time in the past week. Naturally, analysts have rushed to offer their insight on why they believe the token will keep surging to new local (and all-time) highs.<\/p>\n
Meanwhile, the former CEO of BitMEX has doubled down on his recent bullish behavior toward Ethereum with a fresh purchase.<\/p>\n
Data shared by Lookonchain showed earlier today that wallets linked to the famous crypto personality spent over $2.5 million to acquire 1,332.5 ETH. This is Hayes\u2019 second multi-million-dollar Ethereum accumulation made in the past week. As reported<\/a> on July 16, he bought 1,293 ETH for the same amount when the asset\u2019s price traded above $1,900 for the first time in months.<\/p>\n Interestingly, that purchase came shortly after he had sold over $10 million worth of the largest altcoin at prices of just under $1,700. As such, he continues to acquire more ETH tokens when the asset rallies, but tends to dispose of them once it corrects.<\/p>\n Arthur Hayes(@CryptoHayes<\/a>) bought another 1,332.5 $ETH<\/a>($2.53M) 3 hours ago.https:\/\/t.co\/gau6egd7Vm<\/a>https:\/\/t.co\/iKDlaSftbq<\/a> pic.twitter.com\/YKgXPCVe2Z<\/a><\/p>\n \u2014 Lookonchain (@lookonchain) July 20, 2026<\/a><\/p>\n<\/blockquote>\n Separately, Lookonchain added that Ethereum whales have gone on a substantial accumulation spree as well. This one<\/a> purchased roughly $13.5 million worth of the asset. Another one spent<\/a> $20 million to buy 10,501 ETH, and this one withdrew 12,800 ETH from Binance.<\/p>\n As mentioned above, the second-largest cryptocurrency has jumped past $1,900, and analysts were quick to point out its potential. KALEO believes<\/a> ETH will rise toward $2,300 within the next month, but it might dump even harder in September toward new multi-year lows of $1,200.<\/p>\n Crypto Patel noterade<\/a> that ETH is \u201ctrading where long-term wealth is often built.\u201d The analyst pointed out the $1,200-$1,800 range as the accumulation zone, and outlined some massive targets between $10,000 and $20,000 for ETH during the next bull cycle.<\/p>\n Merlijn The Trader outlined a similar development from 2017 that drove the asset toward new highs at the time. He added that those who had given up on ETH are \u201cabout to learn why the last holders won in 2017.\u201d His analysis focuses mostly on ETH\u2019s movements against BTC, noting that a surge past 0.029 would solidify the setup, but a dump below 0.026 would invalidate it.<\/p>\n EVERYONE WHO GAVE UP ON ETHEREUM THIS CYCLE IS ABOUT TO LEARN WHY THE LAST HOLDERS WON IN 2017.<\/p>\n 2015\u20132018: accumulation, then a multi-year falling wedge. The breakout went vertical to 0.14.<\/p>\n 2018\u20132025: the same two phases, stretched over 8 years. Accumulation bowl. Then the\u2026 pic.twitter.com\/BSi769Y0jl<\/a><\/p>\n \u2014 Merlijn The Trader (@MerlijnTrader) July 20, 2026<\/a><\/p>\n<\/blockquote>\n Inl\u00e4gget Arthur Hayes Buys More ETH as Analysts Eye $2.3K and Beyond<\/a> publicerades f\u00f6rst p\u00e5 CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum\u2019s price has joined the overall market rally on Tuesday, climbing above $1,900 for the second time in the past week. Naturally, analysts have rushed to offer their insight on why they believe the token will keep surging to new local (and all-time) highs. Meanwhile, the former CEO of BitMEX has doubled down on his […]<\/p>\n","protected":false},"author":1,"featured_media":50358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-50356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\n\n
Major ETH Price Calls<\/h2>\n
\n