Bitcoin recovered to $37500 and Ethereum near $2100

<div><img width="1000" height="667" src="https://www.financebrokerage.com/wp-content/uploads/2022/03/shutterstock_1905996475.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Bitcoin and Ethereum continue their bullish recovery" decoding="async" loading="lazy" /></div><h1><b>Bitcoin recovered to $37500 and Ethereum near $2100</b></h1>
<ul>
<li aria-level="1">The price of Bitcoin fully recovered yesterday after falling the day before to the $35539 level.</li>
<li aria-level="1">Ethereum price yesterday took a big step towards forming a new high at the $2092 level.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>The price of Bitcoin fully recovered yesterday after falling the day before to the $35539 level. It managed to form a new weekly high at the $37865 level. We stopped at that level and began a <a href="https://www.financebrokerage.com/safemoon-and-litecoin-litecoin-makes-a-pullback-to-70-00/">pullback</a> to support at the $37,200 level. We have received support, in for now, we are moving in a lateral consolidation above that level. The current price is $37400, and we expect to see a rise above $37500 by the end of the day.</p>
<p>Potential higher targets are $37600, $37800 and $38000 levels. We need a negative consolidation and a price drop below the $37,200 support level for a bearish option. A drop below would lead to the formation of a new daily low, and thus, we would have confirmation of bearish pressure on the price. Potential lower targets are the $37,000 and $36,800 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-242494 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/11/h61ae4Te-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>Ethereum price yesterday took a big step towards forming a new high at the $2092 level. We started Wednesday at $1930 and closed the day at $2092. After that, we see a pullback and drop to the $2055 support level. We get support at that level and climb to the $2070 level. Now, we need a break above to start a further recovery. Potential higher targets are $2080 and $2100 levels.</p>
<p>We need a negative consolidation and a drop below the $2050 level for a bearish option. Thus, we would form a new daily low price, which could influence us to see a continuation of the retreat to lower levels. Potential lower targets are $2040 and $2030 levels. The EMA50 moving average is in the zone around the $2010 level, but it is not excluded that we visit it.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-242495 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/11/WUMI5nxQ-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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