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Ethereum could nearly double to $5,000 as Robinhood builds its blockchain on Ethereum, boosting institutional adoption.

Market News
28 Sep 2026
Crypto news
View Source
Bullish
Ethereum could nearly double to $5,000 as Robinhood builds its blockchain on Ethereum, boosting institutional adoption.

Arthur Hayes predicts Ethereum's price could reach $5,000 within about a year, driven by Robinhood's decision to use Ethereum as the security layer for its new blockchain, Robinhood Chain. This move makes Ethereum more attractive for large financial institutions considering blockchain infrastructure. Robinhood Chain, launched in July as an Ethereum Layer 2, uses ETH for gas fees and has seen billions in decentralized exchange volume, increasing demand for ETH. Additionally, U.S. spot Ether ETFs have seen significant inflows, and Ethereum staking remains strong, supporting the network's growth and potential price increase.

Ethereum trades at Rp47.565.683 on Pluang as of Sep 28, 2026 14:01 WIB, showing a 1.85% decline in the past day. The platform records a market cap of Rp5.797,22 trillion and a 24-hour trading volume of Rp190,69 trillion for ETH. Despite the recent dip, buying interest remains strong with 61% of order activity favoring purchases, and typical hold time stands at 106 days.

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