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Ethereum Scenario Revealed By Raoul Pal

It’s been revealed that there is a new Ethereum scenario available, and it’s revealed by Raoul Pal. Check out the latest reports here.

ETH price prediction is out

Real Vision CEO Raoul Pal thinks Ethereum (ETH) could be in for a price rally. This could happen before another correction to align it back with macro conditions.

The former Goldman Sachs executive said that the “general feeling” is that the macro conditions are so poor ETH will drop back down to a new low or retest its recent low.

On the other hand, Pal believes that Ethereum will likely move against the sentiment of the crowd.

“But my hunch is that the path of MAX PAIN is higher. Hedge funds are scrambling to buy calls just in case ETH breaks $1,800 to $2,000. They cannot afford not to participate.”

He continued and said this:

“Above this level, retail will start to be forced in, along with institutions. $2,200 to $2,300 is the key one for me… a break of that either happens pre-merge or post-merge. Once everyone has got back in, the market can correct sharply before rising again based on the macro.”

ETH is trading at $1,575 at time of writing. The second-ranked crypto asset by market cap is down almost 2.5% in the past 24 hours.

The “Merge” refers to Ethereum’s transition to its new proof-of-stake system. Ethereum developers say The Merge is currently planned for September 19th.

Morgan Creek Digital managing partner Mark Yusko is forecasting when he thinks Bitcoin (BTC) will revamp into a new bull market.

He recently spoke in an interview with Stansberry Research.

Yusko says that Bitcoin’s recent market structure is indicative of a bottoming process. He also said that BTC is printing several higher lows and higher highs.

“and I’ve been arguing this for about ten days or so, and I’m not ready to absolutely call the bottom, but if you go back about a week ago and you watch a podcast I did…”

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