Ethereum (ETH) and Crypto Set to Explode to New Highs in New Bull Market: Macro Guru Raoul Pal

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Real Vision CEO Raoul Pal predicts a breakout for Ethereum (ETH) and new highs in 2023 for the broader crypto market.

The former Goldman Sachs executive told his 996,600 Twitter followers that what he calls the exponential era has sparked the start of a bull cycle for digital assets.

Pal predicts that tech stocks will overtake the rest of the stock markets and that digital assets will manage to overtake tech stocks. According to Pal, Ethereum is close to confirming its prediction as it threatens to breach a resistance level near $1,890.

My thesis is that crypto will outperform tech and tech will outperform all other stocks.

BTC is up 75% year-to-date

ETH is up 53% and ready to break out soon

Source: Raoul Pal/Twitter

Ethereum is trading at $1,894 at the time of writing, up over 8.8% in the past 24 hours.

Pal notes that other aspects of the tech sector are trending higher, including Tesla (TSLA), which is up more than 160% on the year, and exchange-traded fund VanEcks Semiconductor SMH, which has increased by almost 60% so far.

The macro expert believes that a new bull cycle officially started in October, and while corrections along the way are likely, he warns that new yearly highs for the crypto market are ahead.

It’s all the confluence between The Everything Code and the exponential era and that’s my main focus for this cycle, which I think we started in October when liquidity bottomed out.

Yes, technology is VERY overbought. Yes, it will fix itself at some point. Yes, it is a bull market. When the technology corrects itself, the crypto is likely to explode again to new highs within the year.

Welcome to the exponential era.

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