Ex-Goldman Sachs Exec Predicts Ethereum Rally Backed by Bullish Market Patterns

Raoul Pal, CEO of Real Vision and well-known macro investor, anticipates a significant rally for Ethereum (ETH) based on current market patterns.

He recently highlighted that Ethereum’s weekly chart is forming a bullish wedge, a technical pattern often associated with major upward price movements.

According to Pal, this setup suggests Ethereum could soon break out, potentially this month or after a brief consolidation in early January. He described this formation as one of the strongest signals in the crypto market, indicating that Ethereum is on the verge of a substantial move.

Pal also examined the Ethereum-to-Bitcoin (ETH/BTC) pairing, tying its performance to the ISM Manufacturing Index, a key gauge of U.S. economic health. As the ISM index trends upward, he explained, Ethereum tends to outperform Bitcoin. This phenomenon, he said, reflects growing confidence in the economy, leading to increased disposable income and risk-taking behavior, which favors assets like Ethereum.

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On the ETH/BTC chart, Pal noted a similar bullish wedge pattern forming. He emphasized that Ethereum’s value relative to Bitcoin has remained consistent since 2017, reinforcing its long-term stability. Pal believes the pairing is poised to break out of its current range, signaling that Ethereum may significantly outpace Bitcoin in performance. This potential breakout, he argues, would underscore Ethereum’s resilience and its role as a key player in the crypto market.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.