The influential crypto analyst Michaël van de Poppe has made significant evaluations for Chainlink and Ethereum. According to the analyst, both cryptocurrencies are showing strong signals during their consolidation process. Poppe outlines an upward perspective for both Chainlink and Ethereum.
Poppe states that Chainlink is undergoing a solid consolidation phase, establishing new grounds with potential tests in the $12-$13 price range. Despite short-term fluctuations, he points out that this consolidation could lead to an increase up to $25.
Observing positive developments for Ethereum as well, Poppe particularly highlights a supportive change in resistance dynamics around the $2,125 level. The analyst predicts that Ethereum will encounter resistance in the range of $3,400 to $3,800 in the first quarter of 2024.
Poppe advises investors to closely monitor Chainlink’s consolidation stage and consider potential dips in the $12-$13 range as entry opportunities. For Ethereum, the positive support and resistance shift at the $2,125 level strengthens the bullish trend, and even a correction towards $1,900 is considered within the limits of the overall upward trend.
As the crypto market continues to develop, the importance of being informed about key assets like Chainlink and Ethereum increases for investors. Michaël van de Poppe’s analysis provides valuable insights by indicating strategic entry points and potential resistance levels.