
Q3 earnings from Microsoft and Alphabet are due on Wednesday, with Amazon following on Thursday, as Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) continue their recovery and investors focus on the major technology companies' results. Figures supporting further heavy spending on Artificial Intelligence (AI) could allay concerns about hyperscaler valuations. Disappointing results, however, could prolong the AI-driven market sell-off already under way.

Above $80,900, BTC continues to advance, whereas ETH remains in consolidation between important moving averages. XRP is also building on its recovery, having established support near $1.300 earlier in the week.
At $80,926 on Wednesday, Bitcoin retains a constructive outlook above its 50-day, 100-day and 200-day Exponential Moving Averages (EMAs). The 50-day EMA, around $80,810, provides the closest dynamic support.
Although the EMAs grouped beneath the price point to an intact broader uptrend, momentum indicators suggest that bullish impetus is fading. The Relative Strength Index (RSI) is near 46 and the Moving Average Convergence Divergence (MACD) reading is negative, signalling that rallies could encounter growing resistance.
The horizontal barrier at $85,000 represents immediate upside resistance. A daily close above it would restore scope for a more substantial advance.
Should prices retreat, the 50-day EMA near $80,810 offers the first support, ahead of the 100-day EMA around $77,810 and the 200-day EMA near $76,394. A breach of this group of EMAs would likely indicate a deeper correction.

At $2,357 on Wednesday, Ethereum sits between its main EMAs, giving the near-term outlook a neutral to slightly bearish slant. Just beneath the price lie the 200-day EMA at $2,316 and the former rising trendline support, now a pivot around $2,351. Overhead, the 100-day EMA at $2,362 continues to cap gains, while the 50-day EMA at $2,450 remains well above the market. This positioning suggests that rallies towards those levels will attract selling.
Below the midline at 38, the RSI points to limited buying pressure. Although the MACD is edging upwards, it remains negative, suggesting that recovery attempts still form part of a corrective phase rather than a confirmed bullish reversal.
The 100-day EMA near $2,362 provides the first upside hurdle. A move through it would bring the psychological and structural barrier at $2,400 into view, followed by the 50-day EMA at $2,450 and the more distant horizontal resistance at $2,770.
If the price weakens, the trendline pivot around $2,351 offers initial support, with stronger demand at the 200-day EMA at $2,316. Closing below that area on a daily basis would clear a path towards deeper horizontal support near $1,823 and reinforce the broader corrective outlook.

Despite its latest rise, XRP retains a bearish near-term outlook, trading at $1.336 on Wednesday beneath the 50-day and 200-day EMAs at $1.360 and $1.372. The 100-day EMA at $1.333 sits marginally below the price and provides initial trend support. An RSI around 46 points to muted momentum, while the MACD's move into slightly positive territory suggests easing selling pressure. Nevertheless, the overhead EMAs continue to constrain the price.
The first upside obstacle is the 50-day EMA at $1.360, ahead of the 200-day EMA at $1.372. Only a daily close above this cluster of averages would clear the way towards the higher horizontal resistance at $1.540 and subsequently $1.900.
The 100-day EMA at $1.333 offers the nearest downside support, followed by the horizontal floor at $1.300. Losing $1.300 would strengthen the bearish outlook and leave the price vulnerable to deeper losses. Holding above this area, by contrast, preserves scope for further consolidation below the EMA cluster.

(The technical analysis of this story was written with the help of an AI tool. Know more.)
By tracking the price of an underlying asset, an Exchange-Traded Fund (ETF), an investment vehicle or index, allows investors to gain exposure to that asset. Its remit can cover a single asset or a collection of assets and sectors. A Bitcoin ETF, for instance, follows the price of Bitcoin.
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