Bitcoin and Ethereum: Bitcoin is still at the $26000 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 is still at the $26000 level</b></h1>
<ul>
<li aria-level="1"><span><a href="https://www.financebrokerage.com/bitcoin-trading-tips-and-tricks-a-beginners-guide/">Bitcoin</a> price continues to struggle to hold above the $26,000 level.</span></li>
<li aria-level="1"><span>Ethereum’s recovery slowed over the weekend. </span></li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p><span>The price of bitcoin continues to struggle to hold above the $26,000 level. We were expected to see some recovery during the weekend, as we saw a slight bullish consolidation on Saturday. That consolidation only managed to move the price up to $26300, where we encountered new resistance. From that level, we start a new pullback and descend again to the $26,000 support level.</span></p>
<p><span>A price break below $26,000 would confirm that the price does not have the strength to start a recovery, which would send it to lower support levels. Potential lower targets are $25750 and $25500 levels. We need a positive consolidation and a move up to the $26300 resistance level for a <a href="https://www.financebrokerage.com/eurusd-and-gbpusd-euro-triggers-a-new-bullish-impulse-2/">bullish</a> option. Then we need a breakout above and try to hold up there. With the next impulse, we would start further recovery. Potential higher targets are $26500 and $26750 levels.</span></p>
<h2><b><img decoding="async" loading="lazy" class="alignnone size-large wp-image-219913" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/Bitcoin-chart-analysis-1-2-1024×619.jpg" alt="Bitcoin chart analysis" width="1024" height="619" /></b></h2>
<h2><b>Ethereum chart analysis</b></h2>
<p><span>Ethereum’s recovery slowed over the weekend. We encountered resistance at the $1695 level, while we have support at the $1660 level. We are currently testing the support zone and could see a rise to the resistance zone. If we stay longer in the support zone, a breakout below could occur, and the price would begin to retreat. Potential lower targets are $1640 and $1620 levels.</span></p>
<p><span>We need a positive consolidation and a move to the $1700 level for a bullish option. Then we need a breakout above and try to hold up there. If we succeed in that, we will have the opportunity to start the continuation of the recovery. Potential higher targets are $1720 and $1740 levels. The EMA50 moving average is in the zone, around $1740.</span></p>
<p><img decoding="async" loading="lazy" class="alignnone size-large wp-image-219914" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/Ethereum-chart-analysis-2-1024×619.jpg" alt="Ethereum chart analysis" width="1024" height="619" /></p>
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