The Crypto Assets market is once again greeted with significant news. BitMEX founder Arthur Hayes recently revealed that he has reinvested in Ethereum (ETH). This decision is based on the bullish signals shown in the Technical Analysis charts. Hayes is very optimistic about Ethereum's prospects, predicting that the price of ETH could rise to an astonishing height of $20,000 in the current market cycle.

When discussing portfolio allocation, Hayes stated that he currently prefers to increase his holdings in Ethereum rather than Solana (SOL). This view has sparked widespread discussion in the Crypto Assets community, with many investors re-evaluating their investment strategies.

Hayes' remarks undoubtedly injected a dose of confidence into Ethereum. As a former influential exchange founder, his views often elicit strong reactions from the market. However, investors should also remember that the crypto assets market is fraught with risks and opportunities, and any investment decision should be based on thorough research and risk assessment.

With the continuous development of the Ethereum ecosystem and the upcoming network upgrade, the market is full of expectations for the future performance of ETH. However, whether it can reach the $20,000 high predicted by Hayes still needs time to verify. Regardless, Hayes' move to buy back ETH undoubtedly brings a touch of warmth to the market and adds confidence to Ethereum supporters.