Former Goldman Sachs executive Raoul Pal has revealed he believes Ethereum is the “greatest trade” setup that he has ever seen as the cryptocurrency’s fundamentals suggest it has a large upside ahead of it.
In a recent interview, first spotted by Daily Hodl, Pal revealed that Ethereum’s fundamentals are forming, in his opinion, a better setup than the one Bitcoin had in March 2020, when its price plunged over 50% to $4,000 before it recovered. Since then, the price of BTC surged to hit a new all-time high near $64,000.
While the flagship cryptocurrency endured a massive correction after hitting its new all-time high, it’s still trading above $45,000 according to CryptoCompare data. Pal’s words, as such, suggest he believes Ethereum could move up over 10x, from its current $3,000 level.