Connect with us

Hi, what are you looking for?

Oracle of  Omaha Says – Investing and Stock NewsOracle of  Omaha Says – Investing and Stock News

Economy

Bitcoin and Ethereum: Ethereum jumps to $1976 this morning

Bitcoin and Ethereum: Ethereum jumps to $1976 this morning

In the past ten days, the price of Bitcoin has remained constant above the $30,000 level.
The price of Ethereum jumped to a new two-month high at the $1976 level this morning.

Bitcoin chart analysis

In the past ten days, the price of Bitcoin has remained constant above the $30,000 level. On Friday, we had a bearish impulse and a drop to the $29,500 level. We stayed down for a short time, and the price soon began to recover and returned above the $30,000 level. Yesterday we jumped to the $30800 level, and now we are stabilizing around the $30600 level. Bitcoin price continues to find support in the EMA50 moving average, which has come very close to us, and we can expect a bigger price move soon.

We need a break above the $31000 level for a bullish option. Next, we must stay up there to test the 31200 resistance level. Potential higher targets are $31400 and $31600 levels. We need a drop below the $30000 level and below the EMA50 moving average for a bearish option. Thus, we would move into negative territory, which would mean a possible fall and pullback of the price. Potential lower targets are $29800 and $29600 levels.

Ethereum chart analysis

The price of Ethereum jumped to a new two-month high at the $1976 level this morning. Over the weekend, the price found support at $1900 and started a bullish consolidation. The first impulse raised the price to the $1,950 level before consolidating around the $1,940 level. Then came the second impulse that formed today’s high.

We are currently seeing a minor pullback to the $1960 level, and now we are hoping for new support in the zone around the $1950 level before continuing to the bullish side. Potential higher targets are the $1980 and $2000 levels. We need a negative consolidation and a drop below the $1940 support level for a bearish option. After that, we could expect to see further price pullbacks. Potential lower targets are $1920 and $1900, with additional support in the EMA50 moving average.

 

The post Bitcoin and Ethereum: Ethereum jumps to $1976 this morning appeared first on FinanceBrokerage.

Trending

You May Also Like

Latest News

A former Republican legislative candidate who traveled to Washington for former President Donald Trump’s ‘Stop the Steal’ rally was arrested Friday and charged with...

Stock

Even as U.S. inflation broadly cools, frozen vegetable prices are hot. The average shelf price for frozen veggies rose by 18% in the past year...

Latest News

Abbe Lowell, Hunter Biden’s attorney, filed an ethics complaint Friday against Georgia Rep. Marjorie Taylor Green after she displayed censured nude photos of the president’s...

Latest News

President Biden has overruled the Pentagon and chosen Adm. Lisa Franchetti to lead the Navy, making her the first woman, if she’s confirmed, to...

Disclaimer: Oracleofomahasays.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2024 Oracleofomahasays.com