Bitcoin and Ethereum: Bitcoin climbed to the $26600 level

• Today we see the continuation of the bullish consolidation of Bitcoin that started yesterday at the $26200 level. 
• The price of Ethereum is in retreat today from the $1850 level. 

Bitcoin chart analysis

Today we see the continuation of the bullish consolidation of Bitcoin that started yesterday at the $26200 level. Growth is progressing slowly; we are now at the $26490 level. Last night we had one price jump to the $26800 level, but we quickly returned to the starting point and continued the previous consolidation.

We need a positive consolidation and a new breakthrough to the $26800 level for a bullish option. Then we would move above the EMA50 moving average and could get its support to continue to the bullish side. Potential higher targets are $27000 and $27200 levels. If we were to slip below $26000, the pressure on the price would increase, and there would be another pullback.

Ethereum chart analysis

The price of Ethereum is in retreat today from the $1850 level. Now, we have bearish consolidation taking place, and we are close to the $1840 level. If this trend continues, we could soon test the previous low at $1820. Further instability at that level would lead to continued retreat and descent into the zone around the $1800 level.

For a bullish option, we need a positive price consolidation and a jump above the $1860 level. In this way, we would climb above the EMA50 moving average, which could positively affect the continuation of the recovery. Potential higher targets are the $1870 and $1880 levels.