Bitcoin and Ethereum: Bitcoin stays above $35,000 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 stays above $35,000 level</b></h1>
<ul>
<li aria-level="1">The first two days of this week were very bearish for the price of Bitcoin.</li>
<li aria-level="1">The price of Ethereum made a bearish move to the $1940 level yesterday.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>The first two days of this week were very bearish for the price of Bitcoin. Yesterday, we saw the decline and formation of this week’s low at the $35,000 level. The fall is stopped at that level, and the price starts a positive <a href="https://www.financebrokerage.com/eurusd-and-gbpusd-euro-in-bullish-consolidation-to-1-05400/">consolidation</a> that takes us up to the $35,700 level. We encounter some resistance in this zone and need a breakout above for further Bitcoin recovery. Potential higher targets are $35800 and $36000 levels.</p>
<p>The EMA50 moving average is waiting for us in the zone around the $36,200 level. We need a negative consolidation and a new pullback to the $35000 level for a bearish option. A break below would lead to the formation of a new low, and thus, we would receive confirmation for the bearish option. Potential lower targets are $34800 and $34600 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-240402 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/11/Po1nl40O-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>The price of Ethereum made a bearish move to the $1940 level yesterday. We failed to hold above the $2040 support level, followed by a breakout below and a drop to the $1940 level. The price broke through $2000, and there was no attempt to maintain it at that level. After support at the previous low, the price starts a bullish consolidation and climbs to $1987. If today’s consolidation continues, we could return above the $2000 level.</p>
<p>Potential higher targets are $2020 and $2040 levels. We will have additional resistance in the zone around $2000, in the EMA50 moving average. We need a negative consolidation and pullback below the $1960 level for a bearish option. A break below would bring us down to test yesterday’s low, and we may see a further drop below and the formation of a new low. Potential lower targets are $1920 and $1900 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-240404 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/11/uVpYSSKV-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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