Bitcoin and Ethereum: Ethereum jumps to $1976 this morning

<div><img width="1200" height="842" src="https://www.financebrokerage.com/wp-content/uploads/2023/04/Le-Bitcoin-casse-a-nouveau-les-30-000-dollars-mardi-18-avril-2023.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Le Bitcoin casse à nouveau les 30 000 dollars mardi 18 avril 2023" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Ethereum jumps to $1976 this morning</b></h1>
<ul>
<li aria-level="1">In the past ten days, the price of Bitcoin has remained constant above the $30,000 level.</li>
<li aria-level="1">The price of Ethereum jumped to a new two-month high at the $1976 level this morning.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>In the past ten days, the price of Bitcoin has remained constant above the $30,000 level. On Friday, we had a bearish impulse and a drop to the $29,500 level. We stayed down for a short time, and the price soon began to recover and returned above the $30,000 level. Yesterday we jumped to the $30800 level, and now we are stabilizing around the $30600 level. Bitcoin price continues to find <a href="https://www.financebrokerage.com/the-dollar-index-retreats-to-the-103-30-level-of-support/">support</a> in the EMA50 moving average, which has come very close to us, and we can expect a bigger price move soon.</p>
<p>We need a break above the $31000 level for a bullish option. Next, we must stay up there to test the 31200 resistance level. Potential higher targets are $31400 and $31600 levels. We need a drop below the $30000 level and below the EMA50 moving average for a bearish option. Thus, we would move into negative territory, which would mean a possible fall and pullback of the price. Potential lower targets are $29800 and $29600 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-209333 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/07/znG3NupS-1024×634.jpg" alt="Bitcoin chart analysis" width="1024" height="634" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>The price of Ethereum jumped to a new two-month high at the $1976 level this morning. Over the weekend, the price found support at $1900 and started a bullish consolidation. The first impulse raised the price to the $1,950 level before consolidating around the $1,940 level. Then came the second impulse that formed today’s high.</p>
<p>We are currently seeing a minor pullback to the $1960 level, and now we are hoping for new support in the zone around the $1950 level before continuing to the bullish side. Potential higher targets are the $1980 and $2000 levels. We need a negative consolidation and a drop below the $1940 support level for a bearish option. After that, we could expect to see further price pullbacks. Potential lower targets are $1920 and $1900, with additional support in the EMA50 moving average.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-209334 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/07/YAZHRap7-1024×634.jpg" alt="Ethereum chart analysis" width="1024" height="634" /></p>
<p>&nbsp;</p>
<p>The post <a rel="nofollow" href="https://www.financebrokerage.com/bitcoin-and-ethereum-ethereum-jumps-to-1976-this-morning/">Bitcoin and Ethereum: Ethereum jumps to $1976 this morning</a> appeared first on <a rel="nofollow" href="https://www.financebrokerage.com">FinanceBrokerage</a>.</p>