Bitcoin remains around $44000, and Ethereum slides to $2260
<div><img width="1200" height="801" src="https://www.financebrokerage.com/wp-content/uploads/2022/10/shutterstock_1101060608.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Bitcoin and Ethereum" decoding="async" loading="lazy" /></div><h1><b>Bitcoin remains around $44000, and Ethereum slides to $2260</b></h1>
<ul>
<li aria-level="1">The price of Bitcoin was moving in a sideways channel in the $43400-$44300 range yesterday.</li>
<li aria-level="1">The price of Ethereum yesterday was in retreat from $2300 to $2220 level.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>The price of Bitcoin was moving in a sideways channel in the $43400-$44300 range yesterday. Today, we see a continuation of that movement and are currently in the middle of the channel. Since we are still holding high, we expect to see a continuation to the bullish side and a break above the $44400 level. After that, the door opens for us to continue growing to higher levels.</p>
<p>Potential higher targets are $44600 and $44800 levels. We need a negative <a href="https://www.financebrokerage.com/the-dollar-index-with-bullish-consolidation-rises-to-101-00/">consolidation</a> and a drop to the $43400 support level for a bearish option. A pullback below leads to the formation of a new low and thus confirms the bearish presence on the chart. Potential lower targets are $43200 and $43000 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-245839 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/12/2CDoFrOl-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>The price of Ethereum yesterday was in retreat from $2300 to $2220 level. Today, we see support at that level and the initiation of bullish consolidation and recovery up to the $2060 level. We could expect to see a continuation of this consolidation by the end of the day and get closer to the $2300 level again. If we manage to get closer, we will have the opportunity to make a breakthrough above and continue to the bullish side.</p>
<p>Potential higher targets are $2320 and $2340 levels. We need a negative consolidation and a new pullback to the previous support at the $2220 level for a bearish option. A drop in the price of Ethereum below this support would lead to the formation of a two-day low, thus jeopardizing a potential further recovery. Lower targets are $2200 and $2180 levels, additional support at the lower level is the EMA50 moving average.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-245840 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/12/Oe1meqvI-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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