'The Entire Banking System Will Go To ETH,' Says Raoul Pal As Ethereum Attempts Breakout

Macro investor Raoul Pal says the banking system will migrate to Ethereum, pushing bullish narrative as ETH tests a key technical barrier. ETHUSD is trading around $2,358 and has reached the 100-day EMA at $2,355 for the first time since October, after finding support at the 20 EMA ($2,226) and 50 EMA ($2,195). The Supertrend at $2,030 is green, and further resistance sits at the 200 EMA near $2,655 and $2,800. Analysts note a close above ~$2,380 would signal a more convincing breakout, potentially attracting institutional interest from banks seeking proven, resilient infrastructure. The piece combines market commentary and technical analysis, implying a bullish short-to-medium term outlook if key levels hold and are breached.