How did Bitcoin and Ethereum start the week?

Bitcoin had broken the channel in which it was moving, with a pullback of around 5% on Friday. Bitcoin, which made minor corrections at the weekend, is priced at $ 23,370 in the morning today.

Bitcoin and Ethereum have been recovering

For Bitcoin, which was rejected by testing the lower band of the channel in the morning, the $ 23,275 level appears as an important support level in the continuation of the downward movement. Breaking this level may bring a pullback to $22,.316 levels after the weekend at $22,720. In an upward movement, $23600 is the first important resistance level, and if this level is broken and persisted, $23950 can be tested, and then $24,420, the middle band of the channel.Although Ethereum wicked below an important support level over the weekend with the pullback in Bitcoin, it managed to hold on. It is priced at $1,635 in the morning today. On a downside move, the 50-day moving average of $1,615 and then the Fibonacci level of $1,595 can be expected to act as support. If it fails to hold on to these levels, it may bring a pullback to the $1,557 levels. In an upward movement, the $ 17.20 level, which has been tried and failed many times, is the critical resistance level behind the $ 1.660 level.