Bitcoin and Ethereum: Ethereum is approaching the $1900

<div><img width="1200" height="771" src="https://www.financebrokerage.com/wp-content/uploads/2022/09/Bitcoin.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Bitcoin" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Ethereum is approaching the $1900</b></h1>
<ul>
<li aria-level="1">Bitcoin price is once again making a positive consolidation.</li>
<li aria-level="1">Ethereum price is back above the $1880 level.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>Bitcoin price is once again making a positive consolidation. We are now consolidating around the $30750 level and expect to see a continuation above the $30800 level. The price could easily reach the $31,000 level, depending on the momentum. Potential higher targets are $31100 and $31200 levels.</p>
<p>For a bearish option, we need a negative consolidation and withdrawal of Bitcoin to the $30400 level. At that level, we have additional support in the EMA50 moving average. A break below would mean price weakness, and a continuation to the <a href="https://www.financebrokerage.com/euro-forecast-remains-bearish-germany-enters-recession/">bearish</a> side is inevitable. Potential lower targets are $30200 and $30000 levels. The two-week picture tells us we are still in a broader lateral consolidation.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-211280 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/07/UQwrAntr-1024×621.jpg" alt="Bitcoin chart analysis" width="1024" height="621" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>Ethereum price is back above the $1880 level. This morning we saw a break above the EMA50 moving average and a bullish impulse after that. We are currently hovering around the $1890 level and hope to see a jump to the $1900 level. A price breakout above and staying above $1900 would be of great importance to us for further continuation. Potential higher targets are the $1910 and $1920 levels.</p>
<p>We need a new negative consolidation and price pullback below the $1880 level for a bearish option. The price would fall below the EMA50, which could have a negative impact on the movement of Ethereum. Potential lower targets are the $1870 and $1860 levels. This week the price fell to the level of $1845, and last year it reached the level of $1828.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-211281 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/07/bpVmLFWy-1024×621.jpg" alt="Ethereum chart analysis" width="1024" height="621" /></p>
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