Ethereum

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 A widely followed crypto trader is reassuring traders that Bitcoin’s (BTC) current consolidation is simply a dip in the bull market.
 Crypto analyst Michaël van de Poppe&nbsp;tells&nbsp;his 679,400 followers on the social media platform X that the market cooling down at the end of the year is to be expected.
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 “Bitcoin consolidating, altcoins taking a breather at the year’s final days.
 Pretty standard de-risking going into the final days of 2023.&nbsp;
 Expecting to rally up from Monday onwards.&nbsp;
 Simply buy the dips, it’s a bull market.”
 BTC is worth $42,122 at time of writing, down 3.6% in the last week.
 Looking at Solana (SOL), Van de Poppe&nbsp;thinks&nbsp;the top Ethereum (ETH) rival will also cool down for the time being.
 “SOL
 Massive upward run, it rallied by more than 500% in two months.&nbsp;
 Rotation is happening toward ETH and other ecosystems, so probably SOL is done for now.
 Higher timeframe trading; interested at $70-80 for long-term entries.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GCcISZXWAAAIASG?format=png&amp;name=4096x4096" alt="" width="1063" height="499">
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 Source: Michaël van de Poppe/X
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 SOL is trading for $106 at time of writing.
 Van de Poppe also breaks down the lesser-known ETH rival Sui (SUI). According to the analyst, SUI is in a good position&nbsp;to rally&nbsp;against Bitcoin (SUI/BTC).
 “SUI
 The ecosystems are heating up, and SUI is waking up alongside ARB (Arbitrum) and OP (Optimism).
 Looking for the BTC pair here, which is ready to do a beautiful retest at the 0.00001710 area.&nbsp;
 If that holds, an uptrend likely starts to 0.00003000 BTC.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GCcHlVlXwAACiUj?format=png&amp;name=4096x4096" alt="" width="1063" height="499">
 <figcaption id="caption-attachment-190710" class="wp-caption-text">
 Source: Michaël van de Poppe/X
 </figcaption>
 </figure>
 SUI is worth 0.00001919 BTC, or $0.811, at time of writing, up 17.6% in the last week.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-analyst-breaks-down-two-major-ethereum-eth-rivals-as-bitcoin-btc-consolidates-tbt75138.html">https://thebittimes.com/crypto-analyst-breaks-down-two-major-ethereum-eth-rivals-as-bitcoin-btc-consolidates-tbt75138.html</a>

Crypto Analyst Breaks Down Two Major Ethereum (ETH) Rivals As Bitcoin (BTC) Consolidates

TheBitTimes

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