Bitcoin and Ethereum: Bitcoin is still around $26000

<div><img width="1200" height="842" src="https://www.financebrokerage.com/wp-content/uploads/2023/04/Le-Bitcoin-casse-a-nouveau-les-30-000-dollars-mardi-18-avril-2023.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Le Bitcoin casse à nouveau les 30 000 dollars mardi 18 avril 2023" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin is still around $26000</b></h1>
<ul>
<li aria-level="1">During the weekend, the price of Bitcoin hovered around the $26,000 level.</li>
<li aria-level="1">During the weekend, the price of Ethereum hovered around the $1640 level.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>During the weekend, the price of Bitcoin hovered around the $26,000 level. We are back in the previous movement zone before last week&#8217;s jump to the $28142 level. On Friday, a new low was formed at the $25333 level, from which we started the current trend. On two occasions, the price jumped above the $26,100 level but quickly returned to the $26,000 level.</p>
<p>We need a positive consolidation and a jump to the $26200 level for a bullish option. Additional resistance in the <a href="https://www.financebrokerage.com/the-dollar-index-is-holding-above-the-support-zone/">zone</a> around the $26,200 level is represented by the EMA50 moving average. Potential higher targets are $26400 and $26600 levels.</p>
<p>We need a negative consolidation and pullback below the $25800 level for a bearish option. After that, the price would be under pressure to continue its pullback. Potential lower targets are $25600 and $25400 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-223396 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/pM7AmvOy-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>During the weekend, the price of Ethereum hovered around the $1640 level. Today, we continue with the same lateral consolidation. We are in a slight bullish trend after the drop on Friday to the $1602 level. If this kind of consolidation continues, we could expect to see the price at the $1650 level.</p>
<p>Additional pressure in that zone is in the EMA50 moving average, and we need a break above to continue the recovery. Potential higher targets are $1660 and $1670 levels. We need a negative consolidation and a price drop to the $1620 level for a bearish option. Thus, we would form a new low, which would confirm the bearish option. Potential lower targets are $1600 and $1580 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-223397 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/JfendTzu-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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