Connect with us

Hi, what are you looking for?

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


Bitcoin and Ethereum: Ethereum is approaching the $1900

Bitcoin and Ethereum: Ethereum is approaching the $1900

Bitcoin price is once again making a positive consolidation.
Ethereum price is back above the $1880 level.

Bitcoin chart analysis

Bitcoin price is once again making a positive consolidation. We are now consolidating around the $30750 level and expect to see a continuation above the $30800 level. The price could easily reach the $31,000 level, depending on the momentum. Potential higher targets are $31100 and $31200 levels.

For a bearish option, we need a negative consolidation and withdrawal of Bitcoin to the $30400 level. At that level, we have additional support in the EMA50 moving average. A break below would mean price weakness, and a continuation to the bearish side is inevitable. Potential lower targets are $30200 and $30000 levels. The two-week picture tells us we are still in a broader lateral consolidation.

Ethereum chart analysis

Ethereum price is back above the $1880 level. This morning we saw a break above the EMA50 moving average and a bullish impulse after that. We are currently hovering around the $1890 level and hope to see a jump to the $1900 level. A price breakout above and staying above $1900 would be of great importance to us for further continuation. Potential higher targets are the $1910 and $1920 levels.

We need a new negative consolidation and price pullback below the $1880 level for a bearish option. The price would fall below the EMA50, which could have a negative impact on the movement of Ethereum. Potential lower targets are the $1870 and $1860 levels. This week the price fell to the level of $1845, and last year it reached the level of $1828.


The post Bitcoin and Ethereum: Ethereum is approaching the $1900 appeared first on FinanceBrokerage.


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...


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:, 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