Bitcoin and Ethereum: Ethereum falls to a new low at $1520

<div><img width="1200" height="800" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2022/03/shutterstock_1476022535.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="04 May chart overview for Bitcoin and Ethereum" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Ethereum falls to a new low at $1520</b></h1>
<ul>
<li aria-level="1">Bitcoin price remains under pressure below the $27,000 level.</li>
<li aria-level="1">Yesterday, the Ethereum price dropped to a new low at the $1520 level.</li>
</ul>
<h2><b>Bitcoin Chart Analysis</b></h2>
<p>Bitcoin price remains under pressure below the $27,000 level. Yesterday, we again visited this week’s support zone around the $26,500 level. After that, Bitcoin started a bullish consolidation again, climbing up to the $26900 level. We now need further positive consolidation to continue the recovery to higher levels. Potential higher targets are $27000 and $27100 levels.</p>
<p>We need a negative consolidation and a new <a href="https://www.financebrokerage.com/usdchf-stopped-its-rally-at-0-92500-and-made-a-pullback/">pullback</a> to support a bearish option at the $26500 level. Then, we need a drop below to form a new low and thus confirm the bearish scenario. Potential lower targets are $26400 and $26300 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-233287 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/TXoVgOmc-1024×620.jpg" alt="Bitcoin chart analysis" width="1024" height="620" /></p>
<h2><b>Ethereum Chart Analysis</b></h2>
<p>Yesterday, the Ethereum price dropped to a new low at the $1520 level. The price manages to get support at that level and begins to recover up to the $1550 level. We need a continuation of positive consolidation and a break above this level for a further bullish option. Potential higher targets are $1560 and $1570 levels. The EMA50 moving average is located in the zone around the $1580 level.</p>
<p>We need a negative consolidation and a new pullback to yesterday’s support at the $1520 level for a bearish option. A price drop below would form a new six-month lower low, thereby confirming bearish dominance. Potential lower targets are $1510 and $1500 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-233288 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/FClcqqUg-1024×620.jpg" alt="Ethereum chart analysis" width="1024" height="620" /></p>
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