Ethereum

Vision

Real Vision CEO Raoul Pal has indicated that while the leading smart contract platform &lt;a href="https://en.coin-turk.com/<a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">market</a>-direction-remains-uncertain-is-ethereum-eth-on-the-verge-of-a-new-dip/”&gt;Ethereum’s (<a href="https://en.coin-turk.com/rominent-crypto-analyst-kevin-svenson-foresees-an-altcoin-rally-spotlights-gala/" data-wpel-link="internal" rel="noopener noreferrer nofollow">ETH</a>) price remains above the $2,000 level, fundamental indicators for the token are showing an upward trend.
<h2 id="will-ethereum-s-upward-trend-continue">Will Ethereum’s Upward Trend Continue?</h2>
In a recent price analysis, the former Goldman Sachs executive stated that Ethereum’s price action continues to show an upward trend. The expert commented:
<blockquote style="text-align: justify">
 Ethereum’s isolated chart continues to be one of the most bullish charts I have seen.
</blockquote>
Furthermore, according to the macro guru, Ethereum’s market structure closely reflects increasing market liquidity. Raoul Pal said:
<blockquote style="text-align: justify">
 Ethereum against the Fed’s net liquidity: For example, Ethereum is essentially a pure play on liquidity.
</blockquote>
In the short term, Raoul Pal noted that Ethereum is showing a potential upward trend after completing a bullish flag formation. Stressing the importance of the token’s price action, the investor highlighted:
<blockquote style="text-align: justify">
 Speaking of Ethereum, we are currently in the process of testing very important levels. We have been highlighting the bullish flag chart pattern in Ethereum for several weeks now (recently cleared), and it looks like we may form a larger cup and handle pattern. A close above $2,150 would be very positive. Something to watch out for.
</blockquote>
<img decoding="async" class="size-full wp-image-282105 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/pal.jpg" alt="" width="642" height="361">
<h2 id="critical-formation-in-eth">Critical Formation in ETH</h2>
In conclusion, Real Vision CEO Raoul Pal mentioned that Ethereum’s price staying above $2,000 and the continuation of bullish signals in key indicators are positive signs. He also highlighted the short-term bullish potential of Ethereum. After breaking the wedge formation at the $2,087 level on the weekly chart, he expressed his long-term bullish expectation for Ethereum by saying:
<blockquote style="text-align: justify">
 If we zoom out using weekly data, Ethereum has already exited an almost perfect wedge pattern; This is a very bullish chart.
</blockquote>
At the time of writing, according to data from 21milyon.com, Ethereum has experienced a 2.1% decrease in the last 24 hours, trading at the level of $2,023.
<ul class="summary">
 <li>Ethereum maintains a bullish trend above $2,000.</li>
 <li>Raoul Pal highlights key formations and liquidity play.</li>
 <li>Long-term optimism persists despite short-term fluctuations.</li>
</ul> Continue Reading: <a href="https://en.coin-turk.com/exploring-ethereums-bullish-trend-insights-from-real-visions-ceo-raoul-pal/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/exploring-ethereums-bullish-trend-insights-from-real-visions-ceo-raoul-pal/</a>

Exploring Ethereum’s Bullish Trend: Insights from Real Vision’s CEO Raoul Pal

Inhoudsopgave

COINTURK NEWS

Andere artikelen gepubliceerd op 28 nov 2023

Bitcoin’s March Towards $100,000: Standard Chartered Forecasts a 2024 Crypto Spring!

More Apex Banks Jump on e-CNY Pilot Trial Program – The Rise of Global CBDC Issuance?

What is Mark Cuban’s Take On ZK Technology and NFTs in Real Estate?

This $60B China-Founded Giant is Reportedly Looking at a US IPO Soon

CARDANO TECHNICAL ANALYSIS CMP DOLLAR-$0.3765: Will the Rally Resume

HSBC and Hang Seng join Standard Chartered and Fubon Bank in China’s Digital Yuan Pilot

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!