Bitcoin and Ethereum: Bitcoin climbs to the $26800 level

<div><img width="1200" height="675" src="https://www.financebrokerage.com/wp-content/uploads/2022/11/Bitcoin-6.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Bitcoin" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin climbs to the $26800 level</b></h1>
<ul>
<li aria-level="1"><span>Yesterday, we saw the price of Bitcoin at the $26800 level. </span></li>
<li aria-level="1"><span>The price of Ethereum managed to move up to the $1702 level last night.</span></li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p><span>Yesterday, we saw the price of Bitcoin at the $26800 level. After consolidation around the $26,000 level, a bullish impulse followed and growth to the previous high. Then, we see a pullback to support at the $26250 level, from which we initiate a new bullish consolidation. We are now at the $26450 level, and we could expect to start a further recovery. Bitcoin has additional resistance in the <a href="https://www.financebrokerage.com/dollar-index-support-at-102-90-with-ema50-moving-average/">EMA50</a> moving average around the $26750 level. Potential higher targets are $26800 and $27000 levels.</span></p>
<p><span>We need a negative consolidation and pullback to the previous support at the $26000 level for a bearish option. A break below is a sign that the price is under pressure to continue its pullback. Potential lower targets are $25750 and $25500 levels.</span></p>
<p><img decoding="async" loading="lazy" class="alignnone size-large wp-image-220741" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/Bitcoin-chart-analysis-5-1024×619.jpg" alt="Bitcoin chart analysis" width="1024" height="619" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p><span>The price of Ethereum managed to move up to the $1702 level last night. For now, we have resistance at that level and have seen a pullback to the $1660 level. Today, we have support at that level and are currently hovering around the $1675 level. We need a break above if we want to see a new test of the $1700 level. Potential higher targets are $1720 and $1740 levels.</span></p>
<p><span>We need a break below the $1660 support level for a bearish option. After that, we look at $1640 as a new potential support where we would stop the pullback. A break below would confirm the bearish trend and the visit of lower levels. Potential lower targets are $1620 and $1600 levels.</span></p>
<p><img decoding="async" loading="lazy" class="alignnone size-large wp-image-220742" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/Ethereum-chart-analysis-1-2-1024×619.jpg" alt="Ethereum chart analysis" width="1024" height="619" /></p>
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