Bitcoin and Ethereum: Bitcoin slips slowly below $35000

<div><img width="1200" height="800" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2022/04/shutterstock_1190133877-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="chart overview for Bitcoin and Ethereum" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin slips slowly below $35000</b></h1>
<ul>
<li aria-level="1">Today, we see a pullback in Bitcoin price below the $35000 level.</li>
<li aria-level="1">The price of Ethereum formed a new high yesterday at the $1916 level.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>Today, we see a pullback in Bitcoin price below the $35000 level. Today’s low price is $34830 level. We are still under a certain pressure, which could influence us to see a breakthrough below this morning’s low and form a new one. In the zone around $34600, we come across the EMA50 moving average, and we could look for better support there.</p>
<p>Potential lower targets are $34400 and $34200 levels. For a bullish option, we need a positive consolidation and a return above the $35000 level. Then, we would have to hold above there to trigger a <a href="https://www.financebrokerage.com/bitcoin-ethereum-dogecoin-bullish-options-on-charts/">bullish</a> impulse from there and continue the recovery. Potential higher targets are $35200 and $35400 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-238492 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/11/0b1GFJNm-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>The price of Ethereum formed a new high yesterday at the $1916 level. After that, we see a stop at that level and the beginning of a price pullback. This morning, we saw a drop below the $1900 level all the way to the $1880 support level.</p>
<p>We managed to hold above that level and get back to $1895, but now we are encountering resistance in that zone. The price is moving into a new bearish consolidation, which could lead to a breakout below the previous one and the formation of a new low.</p>
<p>Potential lower targets are $1870 and $1860 levels. The EMA50 moving average is in the zone around the $1850 level. For a bullish option, we need a new retracement above the $1900 level. Then, we would have to hold on above and form a new bottom there, from which we start to continue the recovery. Potential higher targets are the $1910 and $1920 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-238493 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/11/8xljcwjJ-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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