Neuner framed the context that has flipped the conversation from “Solana-only” to an Ethereum-led trade, citing a sequence of catalysts—from stablecoins to marquee advocates—that has turned ETH into “the darling asset of Wall Street.” Hayes didn’t contest the premise. Instead, he described the contest between the two chains as a “race” increasingly defined by the scale of capital now zeroing in on Ethereum: “ETH is a bigger asset to move, but there’s a lot of money chasing it. So it’s going to be [an] interesting race.” In other words, size is not a bug if flows are thick enough; it’s the feature that channels the largest bid.
That flows-first view also explains why Hayes sees ETH’s upside accelerating once resistance is convincingly cleared. Responding to Neuner’s observation that Bitcoin sits well above its prior all-time high while ETH had been “struggling to break,” Hayes raised his sights beyond catch-up toward open-ended momentum: “I think ETH goes to $10,000 [or] 20,000 before the end of the cycle… once it’s broken through, then… it’s a gap of air to the upside.” He added that on shorter time frames, “the chart says it’s going higher now,” noting he had “bought back some of the ETH” he previously sold.
Hayes’ comparative view therefore rests on three on-record pillars. First, positioning: he is overweight ETH versus SOL on a percentage basis. Second, flows: he expects more money to chase ETH in this phase of the cycle, despite (and because of) its larger base. Third, trajectory: once ETH sustains a breakout, he sees “the sky’s the limit” dynamics taking over, with a cycle target of $10,000–$20,000 for ETH. The respect for Solana’s upside remains, but the winner—on Hayes’ numbers and his own book—is Ethereum.
At press time, ETH traded at $4,285.
