latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

‘One of Most Bullish Charts I’ve Seen’ – Ex-Goldman Sachs Executive Details Ethereum Outlook As ETH Prints New Pattern

‘One of Most Bullish Charts I’ve Seen’ – Ex-Goldman Sachs Executive Details Ethereum Outlook As ETH Prints New Pattern
Real Vision CEO Raoul Pal says that key indicators are flashing bullish for the smart contract platform Ethereum ( ETH ) as the altcoin remains above the $2,000 level.
In a new analysis, the former Goldman Sachs executive says that Ethereum’s price action continues to print bullish patterns.

“The zoomed-out chart of Ethereum continues to be one of the most bullish I have seen.”
According to the macro guru, Ethereum’s market structure is closely mirroring increasing market liquidity.
“Fed net liquidity versus Ethereum: Ethereum, for example, is basically a pure play on liquidity.”
Source: Raoul Pal/Substack
In the short term, Pal says that Ethereum is now potentially forming a bullish cup-and-handle pattern after having completed a bullish flag pattern. The investor says Ethereum will likely gain bullish steam if it closes above $2,150.
“Speaking of Ethereum, we’re currently in the process of testing very important levels. We have been highlighting the bull flag chart pattern in Ethereum – which we recently cleared – for several weeks now and it looks like we could be forming a larger cup-and-handle pattern.
A close above $2,150 would be very positive. Something to keep an eye on.”
Source: Raoul Pal/Substack
He also says that he is long-term bullish on Ethereum after ETH broke out of a wedge pattern at the $2,087 level on the weekly chart.
“If we zoom out using weekly data, Ethereum has already broken out from its near-perfect wedge pattern; it’s a very bullish chart.”
Source: Raoul Pal/Substack
Ethereum is trading for $2,023 at time of writing, down 2.1% in the last 24 hours.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter , Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: DALLE3
The post ‘One of Most Bullish Charts I’ve Seen’ – Ex-Goldman Sachs Executive Details Ethereum Outlook As ETH Prints New Pattern appeared first on The Daily Hodl . shares this Contents always with License.

Thank you for Share!



Search about Crypto News


The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


Today Most Popular News