Arthur Hayes: Market May Be Revisiting the “Forgotten” Ethereum

BlockBeats News, August 31st — Arthur Hayes recently expressed a bullish view on the future of Ethereum. Hayes pointed out that ETH had previously been heavily sold off in the market, but recently showed signs of strength relative to Bitcoin (BTC), indicating that the market may be refocusing on this asset.

Hayes believes that ETH's relative strength against BTC could be an important signal of a shift in market sentiment, suggesting that the transaction thesis around the "forgotten Ethereum" may be regaining market attention.