With the majority of assets in the cryptocurrency sector pausing the gains they accumulated in the past weeks, Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is no exception, having dropped below the previous price level of above $2,300.
Indeed, according to the renowned crypto trading expert Michaël van de Poppe, Ethereum “has a big gap to gain in order to be at the same level as Bitcoin (BTC),” and he expects some consolidation before it would continue towards the area between $3,000 and $3,500.
In his words, this bullish continuation, following the consolidation currently at work, could occur sometime during the first three months of 2024, as van de Poppe explained using a chart pattern analysis in an X post he published on January 3.
Ethereum price action analysis and prediction. Source: Michaël van de Poppe
At the same time, it is worth noting that the investment banking, securities and investment management giant Goldman Sachs (NYSE: GS) expects
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