Bitcoin and Ethereum started the new week on a bad note

Bitcoin, starting the new day with a red candle, shows activity at $ 27900 this morning. Bitcoin, which has been moving in a rising channel for a long time, seems to be included in the channel again this morning, although it broke the lower band of the channel with the withdrawals it experienced at night. Persistence above $27800 will be important for a possible upside move to continue. Then $28285 comes across as a very important resistance level. If this level is broken, a rise to $28840, the middle band of the channel, can be expected.

Bitcoin and Ethereum have started the new week on a bad note

In a possible downward move, $27800 appears as the initial support level. If this level is broken, $27520 and then $26760 levels can be expected to act as support. Ethereum continues to move in a horizontal band for a long time. In the morning hours, it shows activity around $ 1790.

For Ethereum, which is on the rise with support from the mid-band of the channel, $ 1770, the $ 1843 level can be met as the first resistance level in the continuation of the upward movement. If this level is broken, an increase up to $ 1880 may be accompanied.

On a possible downside move, the $1770 level can be expected to act as support again. If this level is broken, $1700 is an important support level. If this level is broken, a pullback to the $1660 levels can be seen.