Bitcoin and Ethereum: Bitcoin falls back to the $26000

<div><img width="1200" height="800" src="https://www.financebrokerage.com/wp-content/uploads/2022/10/bitcoin-3.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="bitcoin" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin falls back to the $26000</b></h1>
<ul>
<li aria-level="1">With yesterday&#8217;s fall, the price of Bitcoin erased the previous jump to the $28142 level.</li>
<li aria-level="1">The price of Ethereum fell to the $1630 level last night.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>With yesterday&#8217;s fall, the price of Bitcoin erased the previous jump to the $28142 level. This morning, we saw the formation of a new low at the $25690 level. After that, the price consolidated and moved up to $26000, where we are now. We could expect to see a continuation of the bullish consolidation and a move to the $26200 level.</p>
<p>In the zone around $26400, we encounter the EMA50 <a href="https://www.financebrokerage.com/the-hull-moving-average-hma-is-it-better-than-ema/">moving average</a>, and we need a new break above to continue on the bullish side. Potential higher targets are $26600 and $26800 levels. We need a negative consolidation and pullback to the $25600 level for a bearish option. There, we would be under a lot of pressure to continue with further withdrawal. Potential lower targets are $25400 and $25200 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-222985 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/6qHBnfmR-1024×619.jpg" alt="Bitcoin chart analysis" width="1024" height="619" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>The price of Ethereum fell to the $1630 level last night. After the jump on Tuesday to the $1745 level, there followed a pullback and a drop to the previous low. Now, we are holding around the $1645 level and rising in the support zone. This could produce a new bearish impulse and a new drop to lower levels. Potential lower targets are $1620 and $1600 levels.</p>
<p>For a bullish option, we need a positive consolidation and a move above $1660 to start. After that, we need to hold on there in order to start a further recovery to the bullish side from there. Potential higher targets are $1680 and $1700 levels. We could have additional resistance in the EMA50 moving average in the zone around the $1680 level.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-222986 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/yc9j3E7w-1024×619.jpg" alt="Ethereum chart analysis" width="1024" height="619" /></p>
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