TLDR
- Arthur Hayes sold over eight million dollars worth of ETH expecting a major price drop.
- The ETH price surged by twenty percent in a week reaching a multi year high of four thousand two hundred dollars.
- Hayes cited unchanged US Federal Reserve rates and geopolitical tensions as reasons for his earlier bearish outlook.
- The price rally forced Hayes to buy back his ETH holdings and admit his earlier forecast was wrong.
- Hayes publicly promised not to take profits again and signaled a long term approach to holding ETH.
Ethereum’s recent rally has prompted Arthur Hayes to reverse his market stance and repurchase ETH after selling last week. The ETH price surged over the past few days, breaking the $4,000 mark and hitting a $4,200 multi-year high. This sharp recovery came after Hayes predicted a drop to $3,000 and liquidated a large portion of his holdings.
ETH Price Rebounds Strongly
Arthur Hayes had sold more than $8 million worth of ETH, alongside PEPE and ENA, expecting a broader market correction. He based his decision on the US Federal Reserve’s choice to maintain interest rates, which he considered bearish. Additionally, Hayes cited geopolitical risks from Donald Trump’s foreign policy as a reason to stay on the sidelines.
However, the ETH price quickly moved higher, surprising market participants and defying Hayes’s bearish forecast. Over the week, Ethereum gained nearly 20%, outperforming many other major digital assets. This performance forced Hayes to admit his earlier call was premature.
Hayes addressed the reversal on X, posting an Ethereum chart and stating he had to “buy it all back.” He specifically directed his message toward Tom Lee, a prominent ETH supporter. “I promise not to take profits again,” Hayes added, signaling a renewed long-term approach.
Had to buy it all back, do you forgive me @fundstrat ?
I pinky swear, I'll never take profit again.
😘😘😘😘😘 pic.twitter.com/jRWfaCEPE6
— Arthur Hayes (@CryptoHayes) August 9, 2025
Arthur Hayes Changes Strategy
The ETH price rally underlined the cryptocurrency market’s unpredictable nature, which often contradicts short-term sentiment. Arthur Hayes acknowledged the move caught him off guard, given the recent negative macroeconomic signals. His swift repurchase showed a willingness to adapt when market conditions shifted.
ETH’s strong momentum comes as broader digital assets also posted notable gains. The price movement suggests resilience despite macroeconomic headwinds and geopolitical uncertainties. Hayes’s public change of heart reinforced the market’s tendency to challenge even experienced participants.
The renewed buying by Arthur Hayes adds to bullish sentiment around Ethereum. Market watchers will track if his commitment to holding ETH persists. The ETH price remains above $4,000, sustaining gains that reversed his earlier bearish outlook.
