Crypto Flat as Traders Await Big Tech Earnings Wave

Key Moments

Macro Backdrop: Crypto Tracks Sentiment Ahead of Tech Earnings

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) extend their recovery on Wednesday as market focus shifts to upcoming earnings from major technology companies. Microsoft and Alphabet are scheduled to release Q3 results on Wednesday, with Amazon following on Thursday. Outcomes that support ongoing heavy investment in Artificial Intelligence (AI) could help ease concerns over hyperscaler valuations, while weaker-than-expected numbers risk prolonging the current AI-driven equity market sell-off.

Within this environment, BTC pushes above $80,900, ETH trades in a tight band between key moving averages, and XRP advances after bouncing off support near $1.300 earlier in the week.

Bitcoin Outlook: Supportive Trend but Fading Momentum

Bitcoin price is quoted at $80,926 on Wednesday, maintaining a constructive technical stance as it trades above its 50-day, 100-day and 200-day Exponential Moving Averages (EMAs). The closest dynamic floor is the 50-day EMA around $80,810.

The grouping of EMAs below the spot price points to an ongoing broader uptrend. However, a Relative Strength Index (RSI) reading near 46 together with a negative Moving Average Convergence Divergence (MACD) print indicate that bullish momentum is softening and that further advances may encounter growing resistance.

On the upside, the first key barrier is the horizontal resistance at $85,000. A daily close above this level would reopen scope for a more sustained leg higher.

On the downside, immediate support comes in at the 50-day EMA near $80,810, followed by the 100-day EMA at approximately $77,810 and then the 200-day EMA close to $76,394. A clear move below this EMA cluster would likely signal the start of a deeper corrective phase for BTC.

Ethereum Analysis: Neutral-to-Bearish Tone Within a Corrective Phase

Ethereum price trades at $2,357 on Wednesday, fluctuating between its major EMAs and keeping the short-term picture neutral to slightly bearish. ETH holds just above the 200-day EMA at $2,316 and the prior rising trendline, which now acts as a pivot area near $2,351. At the same time, it is capped below the 100-day EMA at $2,362 and remains well under the 50-day EMA at $2,450, implying that any recovery toward these levels is likely to encounter selling interest.

The RSI, at 38, sits under the 50 midline, pointing to subdued buying interest. The MACD remains in negative territory, although it is gradually turning higher, indicating that ongoing rebound attempts are still part of a broader corrective structure rather than a definitive bullish reversal.

On the upside, immediate resistance is located at the 100-day EMA around $2,362. A break above this level would expose the psychological and structural zone at $2,400. Beyond that, the 50-day EMA at $2,450 and a more distant horizontal ceiling at $2,770 represent additional resistance layers.

On the downside, first support is aligned with the trendline pivot near $2,351, followed by stronger demand at the 200-day EMA at $2,316. A daily close below that area would open the path toward deeper horizontal support near $1,823, reinforcing the overarching corrective bias.