The post Ethereum’s $4,300 Test: Can the ‘Microsoft of Crypto’ Lead XRP and Dogecoin Higher? appeared first on Coinpedia Fintech News
Real Vision CEO and billionaire investor Raoul Pal recently said he’s still very positive about Ethereum. He called its long-term chart “a thing of beauty” and believes the future financial system will be built on Ethereum. According to him, no other blockchain is as trusted or widely used.
Even though Solana has been doing well, Pal thinks ETH could perform better in the long run. He said big companies and banks prefer to build on Ethereum because it’s safe, reliable, and has a huge community of developers. It’s like Microsoft in the business world — trusted, easy to use, and everywhere.
He added that banks also like Ethereum’s layer-2 solutions because they give more control while still using the strong security of Ethereum’s main network. In the end, Pal believes ETH could surprise everyone, especially if it crosses $4,300. He also thinks coins like XRP and Dogecoin might do well too, since most cryptos tend to move together.
Key Price Levels to Watch: Will Ethereum Break Out?
Pal explained that Ethereum’s price chart is showing a flag pattern, which usually means a big move could be coming. If ETH breaks out, it might change how people think about it.
Currently, Ethereum is stuck below $2,500, facing resistance near $2,540-$2,550. Analyst Ali Martinez has also hinted that Ethereum could be starting its new bull run. The MVRV Ratio has flipped from bearish to bullish, a strong sign that momentum is now favoring the bulls. Whales have accumulated over 450,000 ETH in the past month.
Exchange data also confirms the trend, with nearly 1 million Ethereum having been withdrawn since April, reducing sell pressure. If Ethereum stays above $2,200, it could rise to $3,000 and maybe even $4,000 as buying momentum grows, the analyst says. According to experts, altcoin bull markets start quietly, with doubts and big selloffs initially, but then come the big gains.