Raoul Pal, the CEO of Real Vision and a prominent macro guru, believes that Ethereum (ETH) is poised for a significant price increase. He points out that Ethereum is forming a bullish wedge pattern on its weekly chart, indicating a possible breakout. Pal also suggests that Ethereum could outperform Bitcoin (ETH/BTC) based on the ISM Manufacturing Index, which reflects the health of the US economy. He notes that as the ISM rises, people have more confidence and disposable income, leading them to invest in riskier assets such as Ethereum. Pal highlights that ETH/BTC is also forming a bullish wedge pattern on its weekly chart and that Ethereum has held value over time, indicating its longevity in the market. Pal's base case is for Ethereum to break out and outperform Bitcoin. At the time of writing, ETH/BTC is trading at 0.03501 BTC ($3,354).



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