Bitcoin and Ethereum showed some exciting movements!
Ethereum has been at its highest point in the last couple years. Here are all the details.
Bitcoin starts the day with a green candle with the rise in Ethereum, showing activity at $ 28,500. Continuing to show activity within the ascending channel, Bitcoin seems to have received rejection from the middle band of the channel, despite its activity above an important resistance level with this rise. For Bitcoin, it will be important to break the $28,850 level, which coincides with the middle band of the channel, and to provide permanence in the continuation of the possible upward movement. Then, it can be expected to test the $29.184 level, which is the highest level it has seen in 2023. A break of this level may support the rise to $29,350.
Bitcoin and Ethereum analysis
On a possible downside move, $28,285 is an important support level. If it fails to hold this level, the lower band of the channel at $27,780 can be expected to act as support.
While Ethereum has been moving in a horizontal band for a long time, it broke the band as of yesterday and saw the 7-month high of $ 1,925. In the morning hours, it shows activity around $ 1,910.
Examining the daily chart, it will be important to maintain a permanence above the $1850 level in order to continue the upward movement. Then, $1,962 appears as the first resistance level. If this level is broken, a rise to $2,034 can be observed.
In case of a possible pullback, $1,850 is the first support level. If this level is broken, it is expected to be included in the horizontal band again and the middle band of the channel can be expected to work as the second support level of $ 1770.
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