Bitcoin and Ethereum: Bitcoin hovers around $37000

<div><img width="1200" height="800" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2022/10/Le-Bitcoin-repasse-les-19-000-dollars-du-coin-vendredi-14-octobre-2022.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Bitcoin" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin hovers around $37000</b></h1>
<ul>
<li aria-level="1">Over the weekend, the price of Bitcoin moved in the $36800-$37400 range.</li>
<li aria-level="1">Over the weekend, the price of Ethereum was in a slight retreat from last week’s high price at the $2136 level.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>Over the weekend, the price of Bitcoin moved in the $36800-$37400 range. Today, we continued in the same scenario, continuing the lateral consolidation. We saw support testing at $36,800 this morning and are now moving above the $37,000 level. We need a continuation of this consolidation in order to climb again and test the $37400 resistance level. A break above would mean that the price has the strength to start a further recovery and extend the previous bullish trend.</p>
<p>Potential higher targets are $37600 and $37800 levels. We need a negative <a href="https://www.financebrokerage.com/eurusd-and-gbpusd-euro-in-bullish-consolidation-to-1-05400/">consolidation </a>and a drop to the $36800 support level for a bearish option. A break below would lead to the formation of this week’s new low, which we would consider as the beginning of a bearish trend. Potential lower targets are $36600 and $36400 levels. Additional support and an obstacle to further price decline will be found in the EMA50 moving average at the $36400 level.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-239703 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/11/VPMEepN4-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>Over the weekend, the price of Ethereum was in a slight retreat from last week’s high price at the $2136 level. The price declined only to the 2009$ level and quickly returned to the previous movement zone. Today’s movement is in the same range as for the weekend $2040-$2080. We are currently at $2060 and expect to see progress to the $2080 level. A breakthrough above that level would bring liveliness and increase momentum for further continuation to the bullish side.</p>
<p>Potential higher targets are $2100 and $2120 levels. We need a negative consolidation and a pullback to the $2040 support level for a bearish option. A break below would indicate that the price is losing strength, and we will see a further pullback. Potential lower targets are $2020 and $2000 levels. We will have additional price support in the EMA50 moving average in the zone around the $2000 level.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-239704 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/11/50rcd87U-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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