Real Vision CEO Raoul Pal thinks Ethereum (ETH) could be in for a price rally before another correction to align it back with macro conditions.
The former Goldman Sachs executive says the “general feeling” is that the macro conditions are so poor ETH will drop back down to a new low or retest its recent low.
However, Pal believes that Ethereum will likely move against the sentiment of the crowd.
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“But my hunch is that the path of MAX PAIN is higher. Hedge funds are scrambling to buy calls just in case ETH breaks $1,800 to $2,000. They cannot afford not to participate.
Above this level, retail will start to be forced in, along with institutions. $2,200 to $2,300 is the key one for me…