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Ether Price Could Soar 300% by End of 2021, Says Raoul Pal

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Wed, 11/17/2021 - 07:40
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Alex Dovbnya
Real Vision founder Raoul Pal believes that Ether could quadruple in value based on his fractal analysis
Ether Price Could Soar 300% by End of 2021, Says Raoul Pal
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In a recent Twitter thread, Real Vision founder Raoul Pal predicts that the price of Ether could surge from 100% to 300% by the end of the year.

The former Goldman Sachs executive believes that ever-higher prices are possible, but nothing is certain.

Pal's prediction is based on a fractal pattern that shows Ether replicating Bitcoin's run in late 2017. He described it as "weird wizardry" last month.

Even though Ether is currently down 14.53% from its record high, Pal is convinced that the second-largest altcoin will soon be back in rally mode.

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In fact, the former hedge fund manager points to the fact that the aforementioned fractal accurately predicted the recent correction.

In September, Pal forecasted that Ether would hit $20,000 by March 2022.

The second-largest cryptocurrency comprised 70% of his portfolio as of October. Bitcoin has a modest 5% share of his crypto holdings.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.