Bitcoin and Ethereum: Bitcoin slips below $43000 level

<div><img width="1200" height="823" src="https://www.financebrokerage.com/wp-content/uploads/2023/05/Le-Bitcoin-sous-les-26-500-dollars-du-coin-vendredi-26-mai-2023.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Le Bitcoin sous les 26 500 dollars du coin vendredi 26 mai 2023" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin slips below $43000 level</b></h1>
<ul>
<li aria-level="1">Today, we see a pullback in the price of Bitcoin to the $42565 level.</li>
<li aria-level="1"> Ethereum price continued its previous bearish trend.</li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p>Today, we see a pullback in the price of Bitcoin to the $42565 level. The price failed to hold above the $43,500 level, and a drop below followed and a drop to this morning’s low. We remain under pressure in this zone, which could have a negative impact and take us even lower. Potential lower targets are $42400 and $42200 levels.</p>
<p>We need to get back above the $42800 level for a bullish option and hold above it. After that, with a new <a href="https://www.financebrokerage.com/eurusd-and-gbpusd-euro-triggers-a-new-bullish-impulse/">bullish impulse</a>, we would launch a resistance to the bullish side. Potential higher targets are $43000 and $43200 levels. We will have additional resistance in the EMA50 moving average in the zone around the $43200 level.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-249254 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/12/9ZltSSvo-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p>Ethereum price continued its previous bearish trend. Yesterday we had an attempt to move above $2300, but we only met resistance in that zone and started pulling back again. This caused the price to fall to the $2220 level this morning. The fall was stopped there and the price recovered slightly to the level of $2240. For now, we stop at that level and need a break above for further recovery. Potential higher targets are $2250 and $2260 levels.</p>
<p>Additional price resistance could be found in the EMA50 moving average and the zone around the $2260 level. For the bearish option, we need a continuation of the negative consolidation and a drop below this morning’s support at the $2220 level. A break below would mean that we continue to pull back to a new low. Potential lower targets are $2210 and $2200 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-249255 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/12/wesT9h6D-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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