[General Manager Raoul Pal said that Ethereum should start to accelerate from here]
Former Goldman Sachs executive Raoul Pal predicts that Ethereum (ETH) will grow significantly, believing that its trend chart will be similar to Bitcoin’s trend from 2011 to 2019. In his latest video, he said that ETH has the potential to accelerate upward, if not necessarily to $20,000.
ETH currently trades at $3,209, and while it’s down more than 1% in the past day, it’s up 12% in the past week and 23% in a month. However, it is still down 34% from its 2021 all-time high of $4,878.
Pal also pointed out that the price of Bitcoin (BTC) is affected by global liquidity, and when liquidity grows, the price of the cryptocurrency also breaks out. BTC is now trading at $89,831, having hit a new high of $93,477 on Wednesday, rising 19.5% over the past week.
