The price of Ethereum (ETH ($3,196.67)), the industry’s second-largest cryptocurrency by market cap, broke down as the wider market corrected, but a well-known pundit remains optimistic about Ether’s price trajectory leading into 2025.

According to macro investor and Real Vision CEO Raoul Pal, Ether could be on track to a significant price breakout in the near term. Pal’s recent comments suggest he expects further upside for the smart contract platform as the market structure clearly...