Tom Lee, chair of BitMine, and Arthur Hayes, co-founder of BitMEX, remain confident that Ether will reach $10,000 by the end of 2025, despite recent market volatility. Speaking on the Bankless podcast, Lee projected Ethereum's price to be between $10,000 and $12,000, while Hayes reiterated his $10,000 target. Currently trading at $4,129, Ether would need to gain approximately 142% to meet this prediction. Lee noted that Ethereum has been consolidating since its 2021 peak of $4,878, suggesting that a significant rally would not indicate market excess but rather a new phase of price discovery. Despite a recent market crash that saw $19 billion in liquidations, both analysts maintain their bullish outlook, contrasting with more conservative forecasts that suggest a year-end price closer to $5,000.