Crypto · ETH · Crypto
Ethereum: what the voices are saying
A blockchain platform with smart contracts and the ether cryptocurrency, used for apps and tokens.
Where the voices stand
BullishLatest views: 2 bullish, 0 neutral, 0 bearish. Counted only where Ethereum was the subject of the claim; 2 passing mentions not counted.
The read
Voices touching Ethereum are mostly constructive, but the evidence is thin and sits inside broader crypto and adoption arguments.
Raoul Pal was the most direct, arguing ETH offers about a 6:1 reward-to-risk, with roughly 50% downside to the 1,500 trend line against about 300% upside from 2,700.[1] Pal also gave an illustrative trend extrapolation of ETH about 18,000 by Q2 2027, though he said it is not a prediction, and he called crypto layer ones the operating system of the machine economy.[1][2] Scott Melker's guest Carlos Domingo said the world will stay multi-chain for the foreseeable future, with Ethereum and Solana serving different use cases, and that banks like JPMorgan will move onto public chains.[3] ARK's Brett Winton said ARK has Ethereum exposure and that DeFi's value rises as AI manages composable risk.[4] Other Melker episodes covered Ethereum only indirectly, through stablecoins, tokenization and institutional adoption themes, while one guest flagged crypto market structure problems that matter for institutions.[5][6]
Where they disagree
Raoul Pal sees crypto as oversold and likely to accelerate out of consolidation, while Scott Melker said he would take the bet that Bitcoin hits $50k before $100k, reflecting caution on the bear market.[1][3]
Sources (6)
- Raoul Pal: The Secret to Long-Term Investing with Raoul Pal (Oct 15, 2026) · watch
- Raoul Pal: Raoul Pal: Four Frameworks, One Code (Oct 25, 2026) · watch
- Scott Melker: Bitcoin Was Recovering. Then Wall Street's AI Problem Hit. | Carlos Domingo (Oct 22, 2026) · watch
- Scott Melker: Bitcoin Is Insurance Against Financial Chaos - ARK's Chief Futurist (Oct 25, 2026) · watch
- Scott Melker: Bitcoin Went From $60K to $84K. Why Does It Feel Stuck? (Oct 21, 2026) · watch
- Scott Melker: Bitcoin's Bear Market Is OVER - But Wall Street Is Split (Oct 27, 2026) · watch
Each voice's latest take
| Voice | Stance | What they said | When |
|---|---|---|---|
| Scott Melker | Bullish | ARK has Ethereum exposure, and DeFi's value rises as AI manages composable risk. | 3 days ago |
| Raoul Pal | Very bullish | ETH offers about a 6:1 reward-to-risk, with roughly 50% downside to the 1,500 trend line against about 300% upside from 2,700. | 13 days ago |
Calls about Ethereum
- Using an illustrative trend extrapolation, ETH could reach about 18,000 if the trend slows and tops out in Q2 2027, though he says it is not a prediction.
“let's say we top out somewhere in Q2 2027 reasonable we get to about 18,000 ETH”
Every mention
- Crypto networks still have serious market structure problems, especially non-deterministic ordering and transaction landing, that matter for institutions.
“the lack of determinism in ordering, the lack of determinism in landing”
- ARK has Ethereum exposure, and DeFi's value rises as AI manages composable risk.
“we do have exposure to Ethereum”
- Crypto is all priced on Metcalfe's law and is therefore all about adoption.
“all crypto is priced on Metcalfe's law and is thus all about adoption”
- The world will stay multi-chain for the foreseeable future, with Ethereum and Solana serving different use cases.
“I think we are in in a in a multi-chain world. This is not likely to change anytime soon.”
- Open permissionless networks have historically won over closed ones, so banks like JPMorgan will move onto public chains.
“you're going to see more of these, you know, proliferating into into open networks”
- Everything will move on chain, and blockchain needs to be the infrastructure powering finance generally.
“I think blockchain needs to be the infrastructure that powers, you know, finance generally.”
- Using an illustrative trend extrapolation, ETH could reach about 18,000 if the trend slows and tops out in Q2 2027, though he says it is not a prediction.
“let's say we top out somewhere in Q2 2027 reasonable we get to about 18,000 ETH”
- ETH offers about a 6:1 reward-to-risk, with roughly 50% downside to the 1,500 trend line against about 300% upside from 2,700.
“So you got like 50% downside, 300% upside. So that's a 61 riskreward.”
Frequently asked questions
Are investors bullish or bearish on Ethereum?
On balance the voices Read on Risk follows are bullish on Ethereum: of their latest views, 2 bullish, 0 neutral and 0 bearish (as of Oct 29, 2026).
What does Scott Melker think about Ethereum?
ARK has Ethereum exposure, and DeFi's value rises as AI manages composable risk. (Bullish, Oct 25, 2026.)
What does Raoul Pal think about Ethereum?
ETH offers about a 6:1 reward-to-risk, with roughly 50% downside to the 1,500 trend line against about 300% upside from 2,700. (Very bullish, Oct 15, 2026.)
What is Ethereum?
A blockchain platform with smart contracts and the ether cryptocurrency, used for apps and tokens.
Often discussed alongside
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