BitMEX co-founder Arthur Hayes has projected that Ethereum (ETH) could reach $5,000 by the end of the year, potentially setting a new all-time high. Speaking at the Bitcoin 2025 conference in Las Vegas, Hayes expressed confidence in Ethereum's potential to outperform other cryptocurrencies, despite its recent underperformance compared to Bitcoin and Solana. Hayes, known for his bullish outlook on cryptocurrencies, also reiterated his optimistic forecast for Bitcoin, suggesting it could reach $1 million by 2028. His comments highlight a belief in the resilience and future growth of major blockchain assets, even as market dynamics shift.