Arthur Hayes builds $7.8M ETH position as traders eye a move to $2.2K

Ether is attempting to extend its rebound by about 20% toward $2.2K as markets await the Federal Reserve’s rate decision under new chair Kevin Warsh. On-chain data show BitMEX co-founder Arthur Hayes has increased ETH exposure over the past two days, with a Hayes-linked wallet now holding about $7.8M worth of ETH. Traders are also watching whether a widely anticipated U.S.-Iran deal supports risk sentiment and keeps the recent crypto rally intact.