Bitcoin and Ethereum: Bitcoin is holding above $29300

<div><img width="1200" height="801" src="https://www.financebrokerage.com/wp-content/uploads/2022/10/shutterstock_1101060608-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Bitcoin and Ethereum: A Consolidation and Price Pullback" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin is holding above $29300</b></h1>
<ul>
<li aria-level="1"><span>Over the weekend, the price of Bitcoin continued its sideways movement. </span></li>
<li aria-level="1"><span>The price of Ethereum pulled back to the $1830 level this morning.</span></li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p><span>Over the weekend, the price of Bitcoin continued its sideways movement. Most of the prices were in the $29,300-$29,500 range. This morning, we saw a bearish impulse that stopped at the $29090 level, but we quickly returned to the previous movement zone. The positive for the price is that it has climbed above the EMA50 moving average.</span></p>
<p><span>For a <a href="https://www.financebrokerage.com/the-dollar-index-remains-on-its-bullish-path-towards-103-00/">bullish</a> option, we need a break above the $29500 level and a positive consolidation that would continue the recovery. Potential higher targets are $29600 and $29700 levels. We need a negative consolidation and a return to the support level at $29300 for a bearish option. A fall below it would increase pressure on the price to push it even lower. Potential lower targets are $29200 and $29100 levels.</span></p>
<p><img decoding="async" loading="lazy" class="alignnone size-large wp-image-218856" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/Bitcoin-chart-analysis-1024×641.jpg" alt="Bitcoin chart analysis" width="1024" height="641" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p><span>The price of Ethereum pulled back to the $1830 level this morning. It gets new support there and moves up to the $1850 level. Now, here we are testing the EMA50 moving average, and it is necessary to stay above it if we want to continue the growth. Potential higher targets are $1860 and $1870 levels.</span></p>
<p><span>We need a negative consolidation and price pullback to the $1840 support level for a bearish option. A break below would mean that the price is starting to weaken, so that we could see a further pullback in the price of Ethereum. Potential lower targets are $1820 and $1810 levels. Last week’s low price was at the $1799.20 level.</span></p>
<p><img decoding="async" loading="lazy" class="alignnone size-large wp-image-218869" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/Ethereum-chart-analysis-1-1024×641.jpg" alt="Ethereum chart analysis" width="1024" height="641" /></p>
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