Raoul Pal Bullish on Ethereum (ETH) Outperforming Bitcoin (BTC), Here’s Why
Pal’s bullish sentiment on Ethereum is a result of Ether’s price movement over the past few days compared to that of Bitcoin.
A recent reversal in the return premium of ETH vs. ETC due to buying by Bitcoin holders means that ETC now looks exceptionally cheap.
Pal’s bullish sentiment on Ethereum is a result of Ether’s price movement over the past few days compared to that of Bitcoin.
Yesterday the ETH grew noticeably, and on Tuesday, March 2nd, it keeps looking for a foothold, trading at 1,541 USD. The market looks clearly positive.
On Thursday, February 25th, ETH is correcting, trading at 1,618 USD.
The Ethereum has been correcting for two days already, but for now, this has little significance: the market remains unmistakably positive. On Thursday, February 11th, the ETH is trading at $1,726 USD.
On Thursday, January 14th, the Ethereum altcoin keeps correcting, trading at $1,122.
On Thursday, December 24th, ETH is declining, trading at 580.00 USD.
After growing actively at the beginning of the week, the leading altcoin stabilized near 590.00 USD.
On Thursday, October 1st, ETH is stable, trading near $362.50.
On Tuesday, September 8th, Ethereum (ETH) is consolidating, generally trading at $347.97 USD. Since the beginning of the months, the rate of the main altcoin has dropped by 25%.
On Thursday, September 3rd, ETH is trying to stabilize after a technical correction the day before. It is generally trading at $442.00 USD.