Ethereum (CRYPTO: ETH) is up 25% on the week and could extend its rally even further, with Maelstrom’s Arthur Hayes pointing to an attractive risk-reward setup.
Can Positioning, Liquidity Sustain The Rally?
Hayes, Chief Investment Officer of Maelstorm, told Laura Shin on the Unchained podcast on Aug. 20 that Ethereum is his largest cryptocurrency position outside of Bitcoin (CRYPTO: BTC).
His bullish thesis has more to do with market positioning and liquidity.
Hayes expects U.S. Treasury actions, an eventual expansion of the Federal Reserve’s balance sheet and similar monetary policies globally to inject additional liquidity into financial markets.
