Ethereum (ETH) Price Faces Jackson Hole Uncertainty: Hayes' Analysis

Ethereum Price Prediction: Jackson Hole Impact

Ethereum's price trajectory may hinge on the upcoming Jackson Hole Economic Symposium. Arthur Hayes, former CEO of BitMEX, suggests that ETH could revisit the $4,000 level if Federal Reserve Chair Jerome Powell delivers unexpectedly hawkish remarks. Powell is scheduled to speak on Friday at 10 a.m. ET.

“I think that we could maybe test 4,000 if, you know, there’s a very hawkish statement from Powell at the Jackson Hole on Friday,” said Hayes in a recent interview with Crypto Banter.

Currently, Ethereum is trading around $4,297, reflecting a 6% decrease over the past week. The asset recently peaked above $4,700, marking its highest point since November 2021.

Hayes' Long-Term Ethereum Outlook

Despite potential short-term volatility, Hayes maintains a bullish long-term outlook for Ethereum. He anticipates ETH prices could reach $10,000 to $20,000 by the culmination of the current market cycle.

“Once it’s broken through, then, you know, there’s a gap of error to the upside,” he said.

Key Market Catalysts

Hayes identifies digital asset treasury companies as potential catalysts for ETH's price appreciation. These firms are actively raising capital, and their fundraising efforts could be further amplified if Ethereum breaches its all-time high.

“You have obviously all these digital asset treasury companies who are just raising money, and it’s gonna be even easier to raise money if the asset that they’re buying has just broken through its all-time high,” Hayes said.

Beyond the Four-Year Cycle

Hayes suggests that US politics and fiscal expansion will be more influential than traditional four-year crypto cycles. He expects substantial money printing by mid-2026, driven by the upcoming midterm and presidential elections.

“You cannot win an election without printing money, and the Democrats are going to print money. And so he has to print money,” he said. “If he doesn’t hand out the goodies, then all his boys are not getting reelected.”