"The crown jewel of crypto!!! Raoul Pal is extremely confident in the future of Ethereum"
Raoul Pal, macro guru and CEO of Real Vision, recently pointed out that Ethereum (ETH) is brewing for an “explosive move.” In his latest strategy session, he highlighted that Ethereum’s weekly chart shows a strong bullish wedge pattern, suggesting that a price breakout is imminent.
Pal said that whether it is a brief pullback after this month’s breakout, or a slight consolidation before breaking out, Ethereum’s chart pattern is one of the most powerful signals in the crypto market right now. Moreover, the performance of the ETH/BTC pair is equally exciting. Pal specifically mentioned that as the ISM Manufacturing Index rises - often regarded as a barometer of economic confidence - Ethereum is expected to significantly outperform Bitcoin. The logic behind this is clear: the improvement of the business cycle has led to a recovery in investment confidence, and the increase in risk appetite has directed more funds to assets like Ethereum.
In addition, looking at the weekly chart of ETH/BTC, a clear bullish wedge pattern also appears. Pal believes that this not only shows that Ethereum already has long-term value, but also implies that it may break through the current range and enter a new performance stage in the future.
Will Ethereum start a big market rally? The market is waiting with bated breath! For more insights, remember to lock in Mr. Qiu and explore market depth opportunities with you!
