Real Vision CEO Raoul Pal noted that Ethereum (ETH) continues to trade above the $2,000 level, with fundamental indicators showing an upward trend. The former Goldman Sachs executive analyzed Ethereum’s price movement, indicating a continued upward trend.
According to Raoul Pal, Ethereum’s market structure closely reflects the increasing market liquidity. The expert mentioned that Ethereum is a game built on liquidity. In the short term, Raoul Pal pointed out that Ethereum showed a potential uptrend after completing a bull flag formation.
The investor emphasized the importance of Ethereum’s price movement, indicating that the cryptocurrency was testing significant levels and could form a major cup-and-handle formation. He stated that a close above the $2,150 level would be very positive and a development to follow.
The CEO of Real Vision mentioned that Ethereum remaining above $2,000 and the continuation of bullish signals in key indicators were positive signs. He expressed a long-term bullish expectation for Ethereum after it broke the wedge formation at $2,087 on the weekly chart.
At the time of writing, according to 21milyon.com, Ethereum had experienced a 2.1% decrease in the last 24 hours, trading at the level of $2,023.