Raoul Pal Foresees Ethereum’s Superior Performance

New times come with new expectations. Ethereum (ETH) is predicted by Raoul Pal, macro expert and former Goldman Sachs executive, to surpass Bitcoin (BTC) in performance. Pal, who has a significant following of one million on social media, bases his prediction on the Tom Demark Sequential indicator. This tool is designed to pinpoint potential trend reversals or exhaustion points in price movements. He asserts, “That is the weekly DeMark 9 count for the ETH/BTC cross. ETH most likely outperforms from here as per usual at this stage in late Crypto Spring.”

Pal further envisions Ethereum-based exchange-traded funds (ETFs) as a pivotal development for asset managers. He describes an ETH ETF as the “holy grail” for asset managers, noting its potential profitability in capturing yield while providing only price performance to ETF holders. However, he also acknowledges that this advantage may diminish as competition increases.

In contrast, Benjamin Cowen, a well-known crypto strategist, presents a differing viewpoint. Cowen emphasizes the ongoing strength of Bitcoin Dominance (BTC.D) – a metric that measures Bitcoin’s share of the total market capitalization. His analysis suggests that Bitcoin will continue to outperform most other cryptocurrencies, including ETH. Cowen’s portfolio has been predominantly Bitcoin-focused for this reason.

At the time of writing, Ethereum trades at $2,041, according to CoinMarketCap data. This price point is a key marker in the ongoing debate between Ethereum’s potential ascendancy and Bitcoin’s enduring dominance.