Bitcoin and Ethereum: Ethereum pauses at the $2390 level

<div><img width="944" height="648" src="https://www.financebrokerage.com/wp-content/uploads/2022/10/Notes_221021_204133_64e.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Le cours du Bitcoin plonge sous les 18 800 dollars vendredi 21 octobre 2022" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Ethereum pauses at the $2390 level</b></h1>
<ul>
<li aria-level="1">On Tuesday, the Bitcoin price jumped to a three-week high at the $43853 level.</li>
<li aria-level="1">Yesterday’s jump in the price of Ethereum was up to the $2391 level.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>On Tuesday, the Bitcoin price jumped to a three-week high at the $43853 level. Today’s picture is different, and we are looking at a pullback to the $42800 level. There, we got support and started a mild bullish consolidation that brought us back to the $43000 level. We now need continued consolidation to begin further recovery. By moving above $43200, we would be on the right track, and potential higher targets are $43600 and $43800 levels.</p>
<p>We need a negative consolidation and a new support test at $42800 for a <a href="https://www.financebrokerage.com/what-is-a-bearish-engulfing-candle/">bearish</a> option. The inability to stay above it leads to a price drop and the formation of a two-day low. This confirms the increase in bearish momentum for the continuation of the fall in the price of Bitcoin. Potential lower targets are $42400 and $42000 levels. The EMA200 moving average is an additional support in the zone around $42000.</p>
<p><a href="https://www.tradingview.com/x/rOAfYFcd/"><img decoding="async" loading="lazy" class="aligncenter wp-image-257346 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2024/01/rOAfYFcd-1024×598.jpg" alt="Bitcoin Chart Analysis" width="1024" height="598" /></a></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>Yesterday’s jump in the price of Ethereum was up to the $2391 level. Growth has stagnated there, and the price is starting to pull back, which continues today. We are currently at the $2335 level, remaining under bearish pressure. This could lead to continued pullbacks and looking for support at lower levels. Potential lower targets are $2320 and $2300 levels. The EMA200 moving average provides us with support in the zone around the $2305 level.</p>
<p>We need a positive consolidation and movement of Ethereum price above the $2350 level for a bullish option. With that move, we would confirm the previous low and have a good basis for recovery. Potential higher targets are $2360 and $2380 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-257348 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2024/01/mthofFG6-1024×598.jpg" alt="Ethereum Chart Analysis" width="1024" height="598" /></p>
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