Bitcoin is around $42000 and Ethereum is at the $2200 level

<div><img width="1200" height="801" src="https://www.financebrokerage.com/wp-content/uploads/2022/10/shutterstock_1101060608-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Bitcoin and Ethereum: A Consolidation and Price Pullback" decoding="async" loading="lazy" /></div><h1><b>Bitcoin is around $42000 and Ethereum is at the $2200 level</b></h1>
<ul>
<li aria-level="1">The price of Bitcoin fell to a new low yesterday at the $40181 level.</li>
<li aria-level="1">Yesterday, we saw two drops in the price of Ethereum below the $2200 level.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>The price of Bitcoin fell to a new low yesterday at the $40181 level. After that we start with a bullish consolidation and recover to the $42000 level. We expect to see a continuation of the recovery and a move above the EMA50 moving average. Then, the price would be free of pressure and we could see a continuation to the bullish side. Potential higher targets are $42400 and $42800 levels.</p>
<p>We need a negative consolidation and pullback below the $41000 level for a bearish option. Thus, we would again be under bearish pressure to start a further pullback. Additional <a href="https://www.financebrokerage.com/gold-and-silver-gold-under-pressure-below-the-1980-level/">pressure</a> also creates the inability to move above the EMA50 moving average. Potential lower targets are $40800 and $40400 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-246578 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/12/Qu2QigkS-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>Yesterday, we saw two drops in the price of Ethereum below the $2200 level. The second low was formed at the $2160 level. From there, the price starts a bullish consolidation up to $2240. In the first attempt, we encountered resistance there, and now, with the new bullish consolidation, we will again try to break above that resistance level. Crossing above, we climb to the $2260 level, where we encounter resistance in the EMA50 moving average.</p>
<p>Potential higher targets are $2280 and $2300 levels. We need a negative consolidation and pullback below the $2200 level for a bearish option. With that move, we would be back in the pressure zone again and forced to retest the previous support levels. Potential lower targets are the $2180 and $2160 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-246579 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/12/HowvjCIJ-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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