The former Goldman Sachs executive tells his one million followers on the social media platform X that based on the Tom Demark Sequential indicator, ETH is setting up to outrun BTC.
The Demark Sequential aims to identify points of trend exhaustion or price reversal.
“That is the weekly DeMark 9 count for the ETH/BTC cross. ETH most likely outperforms from here as per usual at this stage in late Crypto Spring.”
Source: Raoul Pal/X
Pal goes on to say that Ethereum-based exchange-traded funds (ETFs) will be the “holy grail” for asset managers, at least until