Bitcoin and Ethereum: Bitcoin jumped to $28142 yesterday

<div><img width="2048" height="1366" src="https://www.financebrokerage.com/wp-content/uploads/2022/11/bitcoin-5-scaled.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="bitcoin" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin jumped to $28142 yesterday</b></h1>
<ul>
<li aria-level="1">Finally, we saw a breakout from the previous consolidation yesterday, and Bitcoin jumped to the $28180 level.</li>
<li aria-level="1">The price of Ethereum jumped to the $1745 level yesterday, forming a two-week high.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>Finally, we saw a breakout from the previous consolidation yesterday, and Bitcoin jumped to the $28180 level. After that, there was a pullback to the $27360 level, and now we are trying to consolidate there and form a new <a href="https://www.financebrokerage.com/triple-bottom-stock/">bottom</a> at that level. If we succeed in this, we could start a new bullish consolidation. Our goal is to return above the $28,000 level again. Potential higher targets are $28400 and $28600 levels.</p>
<p>We need a negative consolidation and a price drop below the $27400 support level for a bearish option. In the future, we could expect the price to start with a further retreat. Potential lower targets are $27200 and $27000 levels. EMA50 moving average is in the zone around the $26600 level.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-222097 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/SvL3AtgZ-1024×524.jpg" alt="Bitcoin chart analysis" width="1024" height="524" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>The price of Ethereum jumped to the $1745 level yesterday, forming a two-week high. The price starts pulling back from that position and goes down to the $1715 level. The current consolidation tells us that we could see a break below and a visit to the $1700 level. This is where we would look for the next potential support.</p>
<p>A drop below $1700 would mean that the price has no more strength, and we will see a continuation to the bearish side. Potential lower targets are $1680 and $1660 levels. Additional price support could be in the EMA50 moving average around the $1680 level.</p>
<p>We need a positive consolidation and stabilization above $1720 for a bullish option. After that, we could expect the price to initiate further recovery and visit yesterday’s high. Potential higher targets are $1760 and $1780 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-222099 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/THuQnCsH-1024×619.jpg" alt="Ethereum chart analysis" width="1024" height="619" /></p>
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