Crypto Today: US CPI in focus as Bitcoin, Ethereum, XRP fall further

• $75,000 gives way as Bitcoin retreats on Tuesday before US CPI data.
• $2,100 in focus as Ethereum edges down under pressure from weakening momentum indicators.
• $1.10 remains above XRP as a sixth consecutive daily decline leaves upside heavily constrained.

Bitcoin (BTC) trades below $75,000 on Tuesday. Selling pressure is building across cryptocurrencies, with Ethereum (ETH) slipping towards $2,100 and Ripple (XRP) holding below immediate resistance at $1.10.

32 on the Fear Index as markets await US CPI 

At 32 on Tuesday, the Fear & Greed Index remains in Fear territory. The reading is slightly above the previous day’s 29, also in the Fear range, but down from 61 in Greed territory last month. That broader retreat underscores risk aversion as interest in crypto-related digital investment products remains persistently subdued.

Due later on Tuesday from the Bureau of Labor Statistics (BLS), the United States (US) Consumer Price Index (CPI) report is the broader crypto market’s next focus. The Federal Reserve (Fed) uses this key inflation gauge to help determine monetary policy.

A 0.3% increase in October CPI is forecast by economists polled by Dow Jones and Bloomberg. For core CPI, which strips out volatile food and energy prices, the anticipated month-on-month rise is 0.2%.

The release precedes the Fed’s December interest rate decision. Market participants widely anticipate a 25 basis-point interest rate move, following October’s decision to leave rates unchanged within the 3.75-4.00% range.

$75K breaks as Bitcoin selling pressure builds: Technical analysis

At $74,743, Bitcoin remains in a corrective phase with a bearish short-term outlook. Price is below the main Exponential Moving Averages (EMAs): the 200-day EMA at $76,457, the 100-day EMA near $77,575 and the 50-day EMA around $79,141. These overhead levels challenge the broader uptrend structure, with the SuperTrend line at $81,375 providing an additional ceiling.

Intermittent rebounds have yet to dispel downward pressure. Momentum is still soft, with the Relative Strength Index (RSI) near 36 and the Moving Average Convergence Divergence (MACD) remaining negative.

The 200-day EMA around $76,457 presents the first resistance, ahead of the 100-day EMA at $77,575. A sustained break above the latter would be required to relieve immediate selling pressure. Beyond those levels, the 50-day EMA near $79,141 and the SuperTrend barrier at $81,375 define a wider supply zone. Unless buyers clearly regain control, that zone would likely restrain rallies.

The daily chart offers no notable support levels. Until Bitcoin recovers these overhead averages, the balance of risks points to further losses or another test of lower levels towards $70,000.

In an analysis report sent by email, Crypto Finance said, "Should the macro backdrop improve, we would expect BTC to retest $76,300 first, followed by $78,700. On the downside, the market remains fragile, with limited support below $73,700," and added, "A break lower would bring the August 2026 levels back into focus, with the psychological $70,000 mark the key level to watch."

$2,113 leaves Ethereum under bearish control: Technical analysis

At $2,113, Ethereum remains below the break point of its rising support trendline at $2,229 and well beneath the 200-day EMA at $2,301. This positioning sustains a distinctly bearish short-term outlook. Higher up, the 100-day EMA at $2,333, the 50-day EMA at $2,361 and SuperTrend resistance near $2,391 collectively point to limited room for rallies. With MACD still negative and RSI just above oversold territory, downside pressure appears persistent, although short-covering rebounds remain a risk.

The broken trendline around $2,229 is the first resistance to watch, followed by the 200-day EMA at $2,301. Only a sustained recovery above these levels would ease the prevailing bearish bias. That would bring the 100-day EMA at $2,333 and the 50-day EMA at $2,361 into view, followed by the more distant SuperTrend barrier at $2,391.

Below the market, the indicators under review identify no nearby structural levels. The latest low near the current price therefore serves as a provisional floor. A decisive drop below $2,113 would leave room for a deeper decline, with ETH remaining vulnerable beneath all major moving averages and trend resistance.

$1.09 keeps XRP in a downtrend: Technical analysis

At $1.09, XRP retains a bearish bias, trading well beneath the EMA cluster and the active SuperTrend line. Overhead resistance comprises the 50-day EMA at $1.29, the 100-day EMA at $1.30 and the 200-day EMA at $1.35. The SuperTrend at $1.26 adds another cap, reinforcing the constraints on upside.

A negative MACD continues to signal weak momentum. Meanwhile, RSI has slipped into oversold territory at 26, indicating stretched selling pressure rather than a confirmed reversal.

The SuperTrend around $1.26 is the first resistance level. Next comes a dense structural zone comprising the 50-day EMA at $1.29 and the break point of the descending resistance trendline at $1.30. Above that, the 100-day EMA at $1.30 precedes the 200-day EMA near $1.35, a more substantial obstacle to a lasting recovery.

The indicators currently provide no nearby support levels, leaving the pair exposed beneath several layers of resistance. Any rebound would likely encounter difficulty on approaching $1.26-$1.30, the region containing the first overhead technical barriers.

(The technical analysis of this story was written with the help of an AI tool. Know more.)