Odaily Planet Daily reports that in his latest article, "Situationship," Arthur Hayes stated that ETH is the most disliked and最容易被遗忘 giant "shitcoin" on the market—while most of the top-10 market cap shitcoins have already hit new highs, ETH hasn't even broken its historical high of $5,000 from 2021. However, in his view, the new narrative is that enterprise-grade RWA chains, such as Robinhood, will all utilize customizable Ethereum Layer 2 solutions like Arbitrum. Ethereum will serve as the secure settlement layer for these chains; thus, even though the direct gas fee contribution to Ethereum is small, ETH remains the shitcoin powering the tokenization of everything.
Arthur Hayes added: “My rough target price for ETH by the end of 2026 is $5,000, representing approximately a 2.6x upside from current levels. I like this trade because I’ve built a substantial position while feeling comfortable about it. It also has excellent liquidity, so even if it makes up a large portion of Maelstrom’s portfolio, I can exit within minutes. Finally, I sell out-of-the-money put options to generate additional yield, and I’m comfortable with the risk—if ETH drops below my strike price, I’ll buy it at a discount.”