Bitcoin is on the defensive, Ethereum is under more pressure

<div><img width="1200" height="842" src="https://www.financebrokerage.com/wp-content/uploads/2023/04/Le-Bitcoin-casse-a-nouveau-les-30-000-dollars-mardi-18-avril-2023.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Le Bitcoin casse à nouveau les 30 000 dollars mardi 18 avril 2023" decoding="async" loading="lazy" /></div><h1><b>Bitcoin is on the defensive, Ethereum is under more pressure</b></h1>
<ul>
<li aria-level="1">On Friday, we saw a jump in the price of Bitcoin to the $38437 level.</li>
<li aria-level="1">The price of Ethereum is in retreat after climbing to the $2133 level on Friday.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>On Friday, we saw a jump in the price of Bitcoin to the $38437 level. We stayed up there for a short time, and a pullback to the $37800 support level followed. On Saturday, the price managed to maintain at that level, and on Sunday we saw a breakthrough below and the formation of a low price at the $37,180 level. In that zone, we find support in the EMA50 moving average and see a stop to the fall in the price of Bitcoin.</p>
<p>A breakout of the ispdo price could increase bearish pressure on the price and send it to test support at lower levels. Potential lower targets are the $37,000 and $36,800 levels. We need a positive <a href="https://www.financebrokerage.com/consolidation-in-stocks/">consolidation</a> and a move above the $37600 level for a bullish option. Then, we need to hold there and form the next bottom above that level. After that, we can expect to see a new bullish impulse and the start of a Bitcoin price recovery. Potential higher targets are $37800 and $38000 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-243183 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/11/tl6TE8l2-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>The price of Ethereum is in retreat after climbing to the $2133 level on Friday. The weekend passed in a bearish consolidation with the $2040 level. There, we met the EMA50 moving average and started to recover, this time only up to the $2080 level. After that, a new pullback succeeded and a break below the EMA50 and the $2040 support level. We now expect to see a further decline and the formation of a new weekly price low.</p>
<p>Potential lower targets are $2020 and $2000 levels. We need a positive consolidation and return above the $2040 level for a bullish option. Then we would have to hold above it and form a new bottom there. After that, we can expect to see a bullish impulse and the initiation of a bearish option. Potential higher targets are $2060 and $2080 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-243185 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/11/EZ2hHqEW-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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