Degen

Raoul Pal, CEO of Real Vision and a prominent financial markets analyst, believes that the cryptocurrency is preparing for an explosive move, citing the ascending wedge pattern on the weekly chart of Ethereum (ETH). 

Pal also points to the correlation of the Ethereum to Bitcoin (BTC) price ratio with the US ISM manufacturing index, predicting that more investors will gravitate towards Ethereum as the business cycle improves and confidence in the economy increases. 

According to the former Goldman Sachs executive, Ethereum has been able to maintain its value relative to Bitcoin since 2017, which indicates its durability and stability.