Bitcoin and Ethereum analysis for this week
Bitcoin and Ethereum have been going up for the last couple weeks, and here is the technical analysis
Bitcoin tested the critical resistance level of $25,250 for the second time over the weekend. However, Bitcoin, which could not break the resistance, is priced at $ 24,500 this morning. For Bitcoin, which cannot be sustained by getting rejected from the upper band of the channel in which it is active, the upper band of the channel, that is $ 24,800, can be tested in an upward movement. Then $25,220 could be met as the next resistance level. Exceeding this level can lead to rapid rises.
Bitcoin and Ethereum analysis for this week
On the downside, the first support level is $24,350. If it fails to hold this level, a pullback to $23,250 can be seen.
Although Ethereum has broken the major downtrend, it seems that it has not been able to sustain above the critical resistance of $1,700. Ethereum is priced at $1,690 this morning. If the $1,700 level that it has been testing for the past four days is broken and daily closes are made above it, it can bring a rise to $1,791 and then $2,040. In a downward movement, the major downtrend ($1.618) can be tested again. If this level is broken, it may bring a pullback to the $1,555 levels.
