Economy

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

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

Bitcoin price remains under pressure below the $27,000 level.
Yesterday, the Ethereum price dropped to a new low at the $1520 level.

Bitcoin Chart Analysis

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.

We need a negative consolidation and a new pullback 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.

Ethereum Chart Analysis

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.

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.

 

The post Bitcoin and Ethereum: Ethereum falls to a new low at $1520 appeared first on FinanceBrokerage.

You May Also Like

Investing

Vermont Sen. Bernie Sanders, 81, defended President Biden, 80, against voter critiques that he lacks the energy and vigor to continue leading the United...

Investing

Political advisers to both President Biden and Vice President Harris were reportedly annoyed with Democrat California Gov. Gavin Newsom over a planned debate with...

Editor's Pick

By the IoT Analytics team. A new report from IoT Analytics highlights eight notable trends helping to advance and promote digital twins. Four of...

Stock

A second delivery driver has died in Texas amid record-high temperatures, just as the regulation of workplace heat safety enters a new legal limbo...

Disclaimer: thefreedomright.com, 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 © 2020-2024 The Freedom Right. All Rights Reserved