Based on his fractal analysis, Real Vision founder Raoul Pal said, Ethereum (ETH) He believes it can quadruple in value.
In a recent Twitter post, Real Vision founder Raoul Pal revealed that he predicts the price of Ether could rise to 100 percent to 300 percent by the end of the year:
“I illustrate this spooky picture of BTC/ETH in 2017 in various ways. This is my live CIX on Bloomberg…. This even took care of the panic selling. What happened then? 300 percent rally. From tomorrow (more or less).”
I have been showing this spooky chart of ETH now vs BTC in 2017 in various forms. This is my live CIX on Bloomberg…. even nailed this sell off….to the day and price. What happened next? A 300% rally. From tomorrow (ish). one/ pic.twitter.com/GZiStl4hmG
— Raoul Pal (@RaoulGMI) November 17, 2021
The former Goldman Sachs executive believes higher prices are possible as well, but nothing is certain.
“Now, I don’t expect perfection, but from other analysis I’ve done, I believe a 100 to 300 percent rise by the end of the year is highly likely. Nothing is certain.
After that, it becomes harder to predict, but I believe it will stretch out and see significantly higher prices.”
Now, I don’t expect perfection but with all the other analysis I have done, something like a 100% to 300% rally is highly probable into year end. Nothing is a cert.
After that, its a tougher call but I think it possibly elongates and sees significantly higher prices.
— Raoul Pal (@RaoulGMI) November 17, 2021
Pal’s prediction is based on a fractal pattern that shows Ether replicating Bitcoin’s late 2017 run. Last month, the investor described it as “weird magic.”
Although Ethereum is currently down 14 percent from its all-time high, Pal believes the second largest altcoin will soon return to rally mode.
The former hedge fund manager, who claims that Ethereum is following this chart, also points to the fact that the aforementioned fractal accurately predicted the last correction. Again, Pal made a prediction in September that Ether would reach $20,000 by March 2022.
The second-largest cryptocurrency accounts for 70 percent of the former Goldman Sasch executive’s portfolio as of October. Bitcoin, on the other hand, only has a modest 5% share of crypto assets.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.