Bitcoin started the day at the $28100 level. The price of Ethereum rose to the $1925 level this morning and formed a new higher high. Bitcoin started the day at the $28100 level. We have then followed a strong bullish impulse that pushed the price all the way to the $28782 level. Since then, Bitcoin has been consolidating and pulling back from the $28,500 level. Here we could now get support in the EMA15 moving average, which could help for a new bullish momentum.
Potential higher targets are $28800 and $29000 levels. We need negative consolidation, a drop below EMA 15, and the $28400 level for the bearish option. So we would go down below and move to the bearish side. Potential lower targets are $28200 and $28000, with additional support in the EMA50 moving average.
Ethereum chart analysis
The price of Ethereum rose to the $1925 level this morning and formed a new higher high. After that, we see a minor pullback to support at the $1910 level. For a bullish option, we need a new positive consolidation and a new test of the $1925 level. A break above could happen soon, as well as the formation of a new higher high.
Potential higher targets are $193 and $1940 levels. For a bearish option, we need a negative consolidation and price pullback to the $1900 level. A break below could take us away from the bullish trend. Potential lower targets are $1875 and $1850 levels.
