Bitcoin is back above $38000; Ethereum is just up to $2080

<div><img width="1200" height="795" src="https://www.financebrokerage.com/wp-content/uploads/2022/07/shutterstock_1009981624.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="bitcoin" decoding="async" loading="lazy" /></div><h1><strong>Bitcoin is back above $38000; Ethereum is just up to $2080</strong></h1>
<ul>
<li aria-level="1">Yesterday&#8217;s Bitcoin price support at $37,000 initiated a bullish consolidation to the $38,420 level.</li>
<li aria-level="1">Yesterday&#8217;s bullish consolidation of the price of Ethereum was stopped last night at the $2080 level.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>Yesterday&#8217;s Bitcoin price support at $37,000 initiated a bullish consolidation to the $38,420 level. We managed to form this week&#8217;s high for now. This was followed by a pullback to the $37800 level, where we got support and started a new bullish consolidation. Bitcoin is climbing above the $38,000 level again, currently consolidating around the $38,200 level. Potential higher targets are $38400 and $38600 levels.</p>
<p>For a bearish option, we need a negative consolidation and a new price <a href="https://www.financebrokerage.com/safemoon-and-litecoin-litecoin-makes-a-pullback-to-70-00/">pullback</a> to support at the $37800 level. A longer stay in that zone could influence us to see a breakout below and the formation of a new low. Potential lower targets are $37600 and $37400 levels. Additional support for the price in the zone around $37,400 was provided by the EMA50 moving average.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-243907 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/11/XUNFUDLO-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>Yesterday&#8217;s bullish consolidation of the price of Ethereum was stopped last night at the $2080 level. After that, we see a pullback to support at the $2040 level. In that zone, we get additional support in the EMA50 moving average and start with a new positive consolidation up to the $2060 level. Now, we expect to see a continuation to the bullish side and a break above the $2080 level.</p>
<p>Potential higher targets are $2090 and $2100 levels. We need a price drop below the $2040 level and the EMA50 moving average for a bearish option. In this way, there will be increased pressure on the price to see a further pullback to the next support level. Potential lower targets are $2020 and $2000 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-243908 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/11/P8gzCqZd-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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