Bitcoin and Ethereum: Bitcoin jumps to the $28650 level

• Bitcoin started the day at the $27300 level. 
• This morning’s surge in the price of Ethereum was stopped at the $1827 level. 

Bitcoin chart analysis

Bitcoin started the day at the $27300 level. Soon we see a bullish consolidation and an impulse that pushes the price over $28000, forming a new high at the $28650 level. For now, Bitcoin briefly pulls back to $28,200 and is moving a little above that level, trying to find new support there.

Then, we would have a better starting position for the next impulse. Potential higher targets are $28800 and $29000 levels. For a bearish option, we need a negative consolidation and pullback to the $28000 level. A drop below would probably put us back where we started the day.

Ethereum chart analysis

This morning’s surge in the price of Ethereum was stopped at the $1827 level. The price meets resistance and starts a new pullback. We could get potential support at the $1800 level. If we manage to hold on there, the price could continue to grow above the $1830 level. Potential higher targets are the $1850 and $1860 levels.

We need a continuation of this negative consolidation for a bearish option. We would probably drop below the $1800 level first, which could increase the pressure on Ethereum. Potential lower targets are $1775 and $1750 levels.