Macro Guru Raoul Pal reveals important news about the price of ETH. Check out the latest reports about this below.
Raoul Pal drops bullish news about the price of ETH
According to the latest reports, the Real Vision CEO Raoul Pal says he is bullish on the leading smart contract platform Ethereum (ETH) after a month-long market correction.
The former Goldman Sachs executive says in a new strategy session that ETH could be setting the stage for a major run to the upside.
“I’m really bullish. I look at the chart. The chart looks great. It feels like we’ve just had this nice kind of month-long correction. I am looking at the ETH [chart], but you can use any of the charts. I don’t know what it is, but there’s one thing that’s just going to trigger this.”
He continued and said the following:
“I then went back and looked at all the other previous pick-ups from the low and then versus stuff like Amazon back in 2003-04. I look at all of this stuff and normally it always goes higher and faster than people expect. And then corrects.”
Pal sets price targets of between $2,000 to $3,000 for an Ethereum run to the upside. On the other hand, he made sure to say the fact that the price of ETH could go even higher since Ethereum is burned when used in transitions, making it more scarce.
At the moment of writing this article, ETH is trading in the green, and the coin is priced at $1,690.
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