Arthur Hayes: Ethereum has plenty of room to make up, if it breaks through 3000, it depends on $5,000

Comparing news, Arthur Hayes said during the Laura Shin podcast that ETH is one of the most hated large-cap altcoins in the market. It is the second-largest currency by market capitalization, but it has yet to break through its 2021 all-time high.

From a risk-reward perspective, at least according to the way I managed my portfolio at Maelstrom, this is currently our biggest position outside of Bitcoin. I'm not particularly worried about waking up one morning to find that ETH has returned to zero. Of course this could happen, but compared to other cryptocurrencies, this risk is much lower, so I'm happy to put in a large position on this trade.

Since it didn't increase much in this cycle, I think it still has a lot of room to make up for growth. Once it starts to rise, the self-reliant train will start. There are so many people who want to go long with ETH for various reasons, and it really makes sense why they haven't done it in the past few years.

Once we break through the 3000 mark, I think you'll actually see the ETH train launch, and it may soon surpass 5000. My year-end goal is right around the corner.