Bitcoin and Ethereum: Bitcoin jumps above the $26400 level

<div><img width="1200" height="823" src="https://www.financebrokerage.com/wp-content/uploads/2023/05/Le-Bitcoin-sous-les-26-500-dollars-du-coin-vendredi-26-mai-2023.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Le Bitcoin sous les 26 500 dollars du coin vendredi 26 mai 2023" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin jumps above the $26400 level</b></h1>
<ul>
<li aria-level="1">Bitcoin price managed to initiate a more concrete <a href="https://www.financebrokerage.com/the-dollar-index-with-bullish-consolidation-rises-to-101-00/">bullish consolidation</a> yesterday.</li>
<li aria-level="1">The price of Ethereum started the day with a jump to the $1657 level.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>Bitcoin price managed to initiate a more concrete bullish consolidation yesterday. First, we saw a break above $26000 and the EMA50 moving average. Then, another bullish impulse and the price jumps to the $26430 level. We encounter resistance and see a pullback looking for support at the $26,200 level. We need to support ourselves above if we want to initiate further recovery. Potential higher targets are $26500 and $26600 levels.</p>
<p>We need a negative consolidation and a break below the $26200 level for a bearish option. After that, we can expect to see a pullback to support at the $26000 level. There, we would retest the EMA50 moving average. A new breakout below would once again return us to the previous consolidation zone. Potential lower targets are $25800 and $25600 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-225027 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/qkUdMhNa-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>The price of Ethereum started the day with a jump to the $1657 level. This was followed by a pullback to support at the $1645 level. The EMA50 moving average provides additional support, and based on that, we could expect to see a new bullish consolidation and a return to the zone around the $1660 level. Potential higher targets are $1670 and $1680 levels.</p>
<p>We need a negative consolidation and pullback below the $1640 support level for a bearish option. After that, we could expect to see a decline to the $1630 level, and thus, we would return to the previous movement zone. Potential lower targets are $1620 and $1610 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-225029 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/1UisIq1k-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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