Bitcoin Jumped To $3880 And Ethereum Is Back To $2100


Bitcoin chart analysisYesterday, the bitcoin price was consolidating in the $37,600-$38,200 range. Early this morning, bitcoin started a bullish consolidation and climbed to $38839. At that level, we formed a new price high for the previous year and a half. We encounter resistance for sa and see a pullback to the $38600 level. We expect the price to return to the $38400 level, where it could gain new support and momentum to initiate a new bullish consolidation.Potential higher targets are $39000 and $39200 levels. We need a negative consolidation and a price drop below the $38,200 level for a bearish option. Thus, we would fall below yesterday’s high, increasing the price pressure. Potential lower targets are $3800 and $37800 levels. Additional support in the zone around $37800 is the EMA50 moving average.  Ethereum chart analysisIn the previous hour, the price of Ethereum was once again above the $2100 level. In this way, we formed this week’s high and broke through the previous resistance at the $2080 level. In order to continue further to the bullish side, we need to maintain above $2080 because there we would form a bottom from which we would start the continuation to the bullish side. Potential higher targets are $2120 and $2130 levels.We need a negative consolidation and a pullback of the price to the $2060 level for a bearish option. Thus, we would initiate a decline below the previous low and thus strengthen the bearish momentum. Potential lower targets are $2050 and $2040 levels. We will have additional support in the zone around $2050 in the EMA50 moving average.  More By This Author:Oil Falls To $75.00, While Natural Gas Struggles With $2.55 Solana Is Around 60.00, While Cardano Is Struggling At 0.375 Dogecoin Is Back Above 0.08000, While Shiba Inu Is Calm

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