Former Goldman Sachs Manager Raoul Pal Teases Potential Breakout for Ethereum

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Former Goldman Sachs Manager Raoul Pal Teases Potential Breakout for Ethereum

former-goldman-sachs-manager-raoul-pal-teases-potential-breakout-for-ethereum

  • Former Goldman Sachs manager Raoul Pal claims cryptocurrency is on the verge of a rally.
  • Pal published several charts on Twitter showing how an ethereum breakout may lead the price run.

Former Goldman Sachs hedge fund manager Raoul Pal teased on his Twitter account that Ethereum could lead the next breakout for cryptoassets and expressed interest in investing in ETH. 

In a series of tweets published July 8, Pal outlined several charts showing bitcoin and other top cryptoassets on the verge of a rally. Pal claimed that bitcoin was close to breaking the small wedge it had formed since May. 

However, Pal explained that Ethereum held potential to lead the next cryptoasset rally via a breakout. 


In a subsequent tweet, the former Goldman Sachs manager claimed not to own any ETH but was considering investing after looking at the chart. He called bitcoin his “primary vehicle” but noted that a windfall for any of the top cryptoassets would cause the rest to rise in value. 

In April, Pal called bitcoin “the future” and said the crypto-asset could reach a $10 trillion market capitalization in the future. 

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