Ethereum may retest $4,000 if Powell turns hawkish at Jackson Gap: Arthur Hayes

Ethereum might retest the $4,000 mark if Fed Chair Jerome Powell sound hawkish at Jackson Gap, in line with Arthur Hayes, ex-CEO of BitMEX. Powell is about to talk at 10 a.m. ET on Friday.

“I feel that we may possibly check 4,000 if, you understand, there’s a really hawkish assertion from Powell on the Jackson Gap on Friday,” mentioned Hayes in a latest interview with Crypto Banter.

Ethereum was buying and selling at $4,297 at press time, down 6% over the previous week, per TradingView. The token lately topped $4,700, its highest stage since November 2021.

Hayes stays bullish about Ethereum’s long-term prospects, projecting costs between $10,000 and $20,000 by the top of the present market cycle.

“As soon as it’s damaged by, then, you understand, there’s a niche of error to the upside,” he mentioned.

The crypto government pointed to digital asset treasury corporations as potential catalysts for value appreciation.

“You’ve clearly all these digital asset treasury corporations who’re simply elevating cash, and it’s gonna be even simpler to boost cash if the asset that they’re shopping for has simply damaged by its all-time excessive,” Hayes mentioned.

Concerning market dynamics, Hayes mentioned the actual driver might be US politics and monetary enlargement, slightly than the same old four-year cycle.

He believes the Trump administration remains to be experimenting with other ways to inject liquidity into the system, however expects that by mid-2026, as soon as the query of Powell’s destiny on the Fed is resolved, cash printing will go into overdrive heading into the 2026 midterms and the 2028 election.

“You can’t win an election with out printing cash, and the Democrats are going to print cash. And so he has to print cash,” he mentioned. “If he doesn’t hand out the goodies, then all his boys usually are not getting reelected.”

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