Bitcoin and Ethereum: Bitcoin jumps to the $37978 level

<div><img width="1200" height="801" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2022/10/shutterstock_1101060608.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Bitcoin and Ethereum" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin jumps to the $37978 level</b></h1>
<ul>
<li aria-level="1">Yesterday, we saw a new bullish impulse in the price of Bitcoin up to the $37978 level.</li>
<li aria-level="1">Yesterday was a very successful day for the price of Ethereum, as we saw a jump to the $2136 level.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>Yesterday, we saw a new bullish impulse in the price of Bitcoin up to the $37978 level. The joy up there was short-lived, and the price fell to $35784. We managed to get <a href="https://www.financebrokerage.com/the-dollar-index-is-at-the-support-level-at-106-00/">support</a> there and start a bullish consolidation that takes us up to the $36,900 level. The price stops in that zone and makes a pullback to the $36400 support level. For now, we are managing to hold on there and expect to see a recovery from there.</p>
<p>We need a positive consolidation that would push us back above the $37,000 level. Then, we would have to hold above there and wait for the next impulse that would trigger a further recovery to the bullish side. Potential higher targets are $37200 and $37400 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-239437 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/11/eZxNyqty-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>Yesterday was a very successful day for the price of Ethereum, as we saw a jump to the $2136 level. The price stopped at that level, and we saw a pullback to the $2080 level, where for now, we have support and are recovering slightly to the $2100 level.</p>
<p>Now, we expect to see if the price will manage to consolidate in that zone and start a continuation of the recovery, or we will see a break below and pull down, looking for a support level.</p>
<p>For a bullish option, we need a positive consolidation and a jump above the $2120 level. That way, we would be close to the previous high and could be preparing for a retest soon. Potential higher targets are the $2140 and $2160 levels. For a bearish option, we need a negative consolidation and a drop below the support at the $2080 level.</p>
<p>A break below would indicate an increase in bearish pressure and a possible price pullback. Potential lower targets are $2060 and $2040 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-239438 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/11/As7NKK2B-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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