Bitcoin and Ethereum: Bitcoin is testing the $43,000 level

<div><img width="1200" height="798" src="https://www.financebrokerage.com/wp-content/uploads/2023/02/Le-Bitcoin-passe-les-24-000-dollars-jeudi-2-fevrier-2023.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Bitcoin" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin is testing the $43,000 level</b></h1>
<ul>
<li aria-level="1">The price of Bitcoin is successfully consolidating around the $43,000 level.</li>
<li aria-level="1">The price of Ethereum returned once again above the $2330 level yesterday.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>The price of Bitcoin is successfully consolidating around the $43,000 level. Yesterday, we had a bearish breakout to $41,500 at one point but quickly bounced back above $42,500, after which we returned to around $43,000 with a <a href="https://www.financebrokerage.com/eurusd-and-gbpusd-euro-in-bullish-consolidation-to-1-05400/">bullish</a> move. The previous two-day high price is $43600, and we need a break above for further continuation to the bullish side. Potential higher targets are $43800 and $44000 levels.</p>
<p>We need to go below the $42400 level again for a bearish option. Thus, we would form a new daily low and confirm the bearish momentum. Price would be forced to continue its pullback to lower levels. Potential lower targets are $42000 and $41600 levels.</p>
<p><img decoding="async" loading="lazy" class="wp-image-247651 size-large alignleft" src="https://www.financebrokerage.com/wp-content/uploads/2023/12/bAlKDIoi-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
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<h2><b>Ethereum chart analysis</b></h2>
<p>The price of Ethereum returned once again above the $2330 level yesterday. We held up there briefly, followed by a pullback to the $2260 level this morning. We managed to get support with the help of the EMA50 moving average, which pushed the price up to the $2280 level. Here, we now have new resistance, and we need a positive consolidation if we want to see a continuation to the bullish side. Potential higher targets are again at $2300 and $2320 levels.</p>
<p>We need a price drop below the EMA50 moving average and the $2260 level for a bearish option. This would put us under increased bearish pressure, leading to a further retreat of the Ethereum price to lower support levels. Potential lower targets are $2240 and $2220 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-247652 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/12/C61HZyGz-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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