Macro Guru Raoul Pal Details ‘Very Bullish’ Outlook on Ethereum and Crypto Markets As Merge Approaches
crypto EthereumMacro Guru Raoul Pal Details ‘Very Bullish’ Outlook on Ethereum and Crypto Markets As Merge Approaches08 / 21 / 2022Balita ng Ethereum ng Bitcoin Former Goldman Sachs executive Raoul Pal says hes very bullish on Ethereum (ETH) and the crypto markets despite the uncertain price action unfolding in recent months. In a new interview with crypto analyst Scott Melker, Pal says that crypto hedge funds who took big losses during the recent market turmoil are underweight ETH as The Merge – Ethereums transition to a proof-of-stake consensus mechanism – approaches. The Real Vision founder says that markets take the path of most pain, and for ETH right now, that means upward. I think everybody‘s underweight The Merge still. People will get into the merge or post-merge, we’ll get this spike [and] we‘ll probably get a pullback. A lot of people will say ’See it‘s going back to the low.’ My guess is it corrects sideways, does something, goes back into the range for a bit and then we explode higher. So I‘m very bullish right now. Short term, we’re getting close to overbought, but I think we just had a correction, and my guess is we go again. What‘s fascinating is to see the