Bitcoin and Ethereum Analysis — 9 November 2026: BTC Defends $74,700 Support as ETH Tests $2,100

 

Bitcoin and Ethereum are both under pressure on Monday, 9 November 2026, after a sharp weekend sell-off pushed both coins to their lowest levels since August. Bitcoin is fighting to hold the $75,000 area, while Ethereum has fallen much harder. Here is the full picture — prices, key levels, the news driving the move, and what could move the market next.

Market Snapshot — 9 November 2026

Bitcoin (BTC): trading near $75,000, down around 1% in the last 24 hours. It briefly fell to $73,510 early on Monday, its lowest since August, after losing the $76,000 level.

Ethereum (ETH): trading near $2,135, down around 4.4% in the last 24 hours. It touched a low near $2,060.

Crypto Fear & Greed Index: 29 — firmly in "Fear" territory (28 yesterday).

Bitcoin (BTC) Analysis

Bitcoin is sitting right on a key battleground. After jumping above $80,000 just after the US midterm elections, BTC gave back all of those gains — falling from $80,882 on 5 November to below $75,000 this morning.

Support levels: $74,740 is the first line of defence, just below the current price. Below that, the $73,500–$74,000 zone — this morning's low — is the next key area. A daily close below $73,500 would open the door to a deeper slide, with some analysts warning of a further 10% drop.

Resistance levels: $75,590 is the immediate ceiling, followed by $76,000 and then the $79,000–$80,000 zone, where the 20-day moving average sits ($79,031).

Momentum: the 14-day RSI is at 36.65, close to oversold, and BTC is trading below both its 20-day ($79,031) and 50-day ($81,770) moving averages. That tells us sellers are in control for now, but the market is getting stretched to the downside.

Ethereum (ETH) Analysis

Ethereum has been hit harder than Bitcoin. It is down about 5% in 24 hours, and liquidations have been brutal — $449 million of ETH positions were liquidated in the past day, the highest of any cryptocurrency.

Support levels: $2,137 is the nearest support, with a buy zone at $1,958–$2,054 below it. The $2,060 low from this morning is the line bulls must defend.

Resistance levels: $2,142 is the immediate ceiling, then $2,252 (the Ichimoku Kijun level), and $2,304 at the top of the expected near-term range.

Momentum: ETH is trading below its 20-day, 50-day and 200-day moving averages, and analysts expect consolidation between $1,955 and $2,304 over the next few days. In Russia, retail investors were newly allowed to buy Ethereum from 8 November, but with a strict annual limit of 300,000 rubles per intermediary. Ethereum's Glamsterdam upgrade has also been delayed after compatibility risks were found in the Hoodi testnet fork.

What Is Driving the Market

US midterms and tougher rules: Democrats won control of both the House and the Senate in the 3 November midterm elections, and the new Congress takes over in January 2027. Traders fear tougher US crypto rules — the industry-backed CLARITY Act, which would set federal rules for crypto markets, already stalled in the Senate in September.

Binance heist fallout: the aftershocks of the 29 October Binance hack — the largest crypto theft in history at about $6.34 billion — are still spreading. The FBI has blamed North Korea's TraderTraitor group. Binance's chief financial officer, Kaiser Ng, stepped down over the weekend, insurers are now scrutinising crypto companies' security more closely, and tracing firms say the attackers still control nearly $3 billion spread across more than 10,000 wallets, even though about half the stolen funds have been frozen and Binance says it has replenished 98% of affected assets.

Canada angle: the hack matters for Canadian investors too. In February 2026, Canada's investment regulator CIRO introduced an interim Digital Asset Custody Framework, and Canadian platforms are now facing fresh questions about how they hold client assets. Canadian guides published this week are urging investors to check whether their exchange keeps client funds separate and how it would handle a hack.

War news: Russia bombed an aid centre in the Zaporizhzhia region of Ukraine, and the death toll has now risen to 40 people. Russia also fired 36 ballistic missiles and 172 drones at Kyiv and its surroundings, hitting a substation linked to nuclear plants. At the same time, US-mediated peace talks are scheduled in Abu Dhabi on 10–11 November, with US envoy Steve Witkoff leading the American delegation. In Gaza, the ceasefire that began in October 2025 continues to fray, with fresh deadly incidents reported. War headlines keep risk appetite low, and crypto — as a risk asset — feels it first.

What Could Move the Market Next

US inflation data (CPI) is due on Tuesday, 10 November — a hot number could strengthen the dollar and push crypto lower, while a soft number could spark a relief rally.

The Abu Dhabi talks on 10–11 November — any real progress toward a ceasefire would lift risk appetite across all markets.

Binance fund movements — if the stolen billions start moving again, expect fresh fear and volatility.

US crypto regulation — any signal on the CLARITY Act or new rules from the incoming Congress will set the tone for the rest of the year.

The $73,500 BTC level — holding it keeps the recovery hopes alive; losing it could trigger another wave of selling.

Bottom line: Bitcoin is clinging to support and Ethereum is leading the sell-off. Fear is high, momentum is weak, but RSI levels are nearing oversold — so the next 48 hours, with CPI and the Abu Dhabi talks, will decide whether this is a bottom or just a pause before the next leg down.

This is market news, not investment advice. Do your own research before making any investment decision.