👍👍Raoul Pal Says Ethereum Will Make a Big Bounce 👍👍

Real Vision CEO and financial expert Raoul Pal suggests that Ethereum (ETH) is facing a strong upward movement. Pal stated that the bull flag formation formed on Ethereum's weekly price chart could be a sign of a significant move in the market. Based on this formation, Ethereum is expected to make a strong breakout soon.$ETH

Another important issue that Pal draws attention to is the similar bull flag formation that Ethereum has formed against Bitcoin. This structure creates a solid foundation for Ethereum's long-term performance. The analyst stated that Ethereum is progressing parallel to its 2017 levels and may gain value compared to Bitcoin when the formation is completed.

Pal pointed out that in the bullish scenario of the ETH/BTC parity, it could reach higher levels with a strong move from the base channel. However, it is also possible that prices will continue to move within a certain range for a while. Nevertheless, the main expectation is an upward breakout.

Raoul Pal stated that Ethereum is also supported by the US economy, which is showing positive signs. Improvements seen in the ISM Manufacturing Index, which measures America's economic activity, could strengthen Ethereum's performance against Bitcoin. Pal emphasized that this is related to the increasing cash flow of businesses and confidence in the economy.

Pal pointed out that there may be temporary pullbacks in the Ethereum price due to liquidity shortages in January, and advised investors to closely monitor technical and economic indicators. He is optimistic that it could create significant opportunities for Ethereum and the general cryptocurrency market.

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