Arthur Hayes, co-founder of BitMEX, has repurchased Ethereum (ETH), citing positive chart trends and predicting that ETH could reach $20,000 in the current market cycle. Hayes indicated a preference for Ethereum over Solana (SOL) at present. Since December 2023, Hayes has been actively swing trading ETH, selling twice only to buy back at higher prices as the asset's value continued to rise. Industry voices, including Coinbase CIO Eric Peters and Bitmine Chairman Tom Lee, have emphasized Ethereum's emerging role as the foundational platform for the evolving financial system and blockchain activities on Wall Street. Peters described Ethereum as the backbone of a fairer and more open global financial system, while Lee highlighted its potential to become central to tokenizing real-world assets. Ethereum currently represents a $500 billion market cap within a $100 trillion asset class, reinforcing its significance in the crypto ecosystem. The narrative around Ethereum's integration into mainstream finance continues to gain traction, with expectations that it will underpin the future of global finance as Wall Street increasingly adopts on-chain solutions.