Bitcoin and Ethereum: Ethereum breaks above the $2400 level

<div><img width="1200" height="795" src="https://www.financebrokerage.com/wp-content/uploads/2022/07/shutterstock_1009981624.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="bitcoin" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Ethereum breaks above the $2400 level</b></h1>
<ul>
<li aria-level="1">Yesterday, we saw a bullish consolidation of Bitcoin price up to the $43812 level.</li>
<li aria-level="1">Yesterday, we saw the Ethereum price jump to the $2447 level.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>Yesterday, we saw a bullish consolidation of Bitcoin price up to the $43812 level. This week, we have resistance in the zone around $43800. This leads to today&#8217;s bearish consolidation and <a href="https://www.financebrokerage.com/safemoon-and-litecoin-litecoin-makes-a-pullback-to-70-00/">pullback</a> to the $43000. Here we are now testing the EMA50 moving average, and if we stay below it, the price could easily give way and start a bearish continuation. Potential lower targets are $42800 and $42600 levels.</p>
<p>We need to establish ourselves above the EMA50 and the $43200 level for the bullish option. After that, we would have a good position from which to start further recovery. We would again have the opportunity to visit yesterday&#8217;s high, and the potential higher targets are the $43400 and $43600 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-249947 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/12/iY0CYUfi-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>Yesterday, we saw the Ethereum price jump to the $2447 level. This is where we formed this year&#8217;s new price high. The price stops at that level and retreats to support at the $2370 level. Now, we find support here and recover slightly to the $2390 level. If this positive consolidation continues, we could expect to climb above the $2400 level. Potential higher targets are $2420 and $2440 levels.</p>
<p>We need a negative consolidation and a drop below the support at $2370 for a bearish option. The next lower support is at the $2340 level, and if we break below that as well, we could see a deeper pullback in the price of Ethereum. Potential lower targets are $2320 and $2300 levels. The EMA50 moving average is in the zone around the $2300 level.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-249948 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/12/bmyoMS6c-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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