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

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Wed, 17/11/2021 - 7:40
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.

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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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