Bitcoin and Ethereum: Bitcoin near $28500 this morning

<div><img width="1200" height="842" src="https://6ztkp25f.tinifycdn.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 near $28500 this morning</b></h1>
<ul>
<li aria-level="1">Over the weekend, the price of Bitcoin was in a mild bullish trend.</li>
<li aria-level="1">Ethereum price jumped from $1680 to $1755 level this morning.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>Over the weekend, the price of Bitcoin was in a mild bullish trend. At the beginning of Monday, we saw a strong bullish impulse and a price jump to $28,000. Bitcoin manages to hold above $28000 and initiates a bullish consolidation that continues to push the price to the $28492 level. If today’s trend continues, we could climb to $29,000.</p>
<p>We need a negative consolidation and pullback to the $28000 support level for a bearish option. A break below would have the effect of increasing the <a href="https://www.financebrokerage.com/umma-token/">bearish</a> pressure, which would further negatively affect the price movement. Potential lower targets are $27750 and $27500 levels. EMA 50 moving average is waiting for us in the zone around $27000 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-230398 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/QIAAtKdO-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>Ethereum price jumped from $1680 to $1755 level this morning. After that, we see a pullback and consolidation around the $1730 level. We find support at the $1720 level. A break below this support could add pressure on the price and send it lower. Potential lower targets are $1700 and $1680 levels. The EMA50 moving average is in the zone around the $1650 level.</p>
<p>We need to stay above the $1720 level for a bullish option. Then, we need a positive consolidation and a break above the $1740 level. After that, we would be in a good position to start a new test of the previous resistance zone, $1750-$1755. If we manage to break through that zone, Ethereum could continue further recovery. Potential higher targets are $1760 and $1770 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-230399 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/prDIkZz0-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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