Bitcoin and Ethereum: Ethereum is holding at $1820 level

<div><img width="1200" height="801" src="https://www.financebrokerage.com/wp-content/uploads/2022/10/shutterstock_1101060608.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Bitcoin and Ethereum" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Ethereum is holding at $1820 level</b></h1>
<ul>
<li aria-level="1">The price of Bitcoin continues to hover around the $29,000 support level today.</li>
<li aria-level="1">The price of Ethereum is still in the support zone at the $1820 level.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>The price of Bitcoin continues to hover around the $29,000 support level today. Yesterday, the price fell to the $28,900 level but quickly returned to the $29,000 level. We had a short bounce to $29250, where we encountered new resistance and initiated the previous bearish consolidation. We could again see a breakout below and a visit to the previous <a href="https://www.financebrokerage.com/rupee-finds-support-after-opening-dip/">support</a> zone. Potential lower targets are $28800 and $28700 levels.</p>
<p>We need a new positive consolidation and a return above the $29250 level for a bullish option. Then, we need to hold above that in order to start a further recovery of Bitcoin with a new impulse. Potential higher targets are $29300 and $29400 levels. In the zone around the $29300 level, the price encounters the EMA50 moving average, which could slow down the growth of Bitcoin.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-216699 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/Y4bYc6eZ-1024×621.jpg" alt="Bitcoin chart analysis" width="1024" height="621" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>The price of Ethereum is still in the support zone at the $1820 level. It is possible that if this kind of consolidation continues, we will see a breakout below and the formation of a new lower low. Potential lower targets are $1810 and $1800 levels.</p>
<p>We need a positive consolidation and price movement to $1840 for a bullish option, the previous resistance level. Then we need to make a breakout above and hold up there. With the new momentum, we could start a further recovery in the price of Ethereum. Potential higher targets are $1850 and $1860 levels. We will have additional resistance to the bullish trend in the EMA50 moving average in the zone around the $1860 level.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-216700 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/VUy2Vq3I-1024×621.jpg" alt="Ethereum chart analysis" width="1024" height="621" /></p>
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