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Hot US Inflation Puts Bitcoin and Ethereum Bulls on Alert

VG Markets · 2026-11-11T02:00:15Z
Hot US Inflation Puts Bitcoin and Ethereum Bulls on Alert

Crypto bulls are facing another reality check. Hotter-than-expected US inflation has pushed Bitcoin below $74,000, while Ethereum has also come under renewed selling pressure.


October CPI rose 0.4% month-on-month, beating the 0.3% forecast, while core CPI climbed 0.3%, above expectations of 0.2%. The surprise has strengthened bets on further Fed tightening, sending Treasury yields and the US dollar higher.


For crypto, the timing could hardly be worse. Higher interest rates tend to reduce appetite for speculative assets, while a stronger dollar adds another headwind for Bitcoin and Ethereum.

Bitcoin: $73,939 Is the Last Line for Bulls?

Bitcoin is approaching a critical technical level. The latest Trading Central analysis identifies $73,939 as the key pivot, with the short-term outlook remaining bearish below it.

Key Levels

BTC/USD

Resistance 2

$75,401

Resistance 1

$74,855

Pivot Point

$73,939

Target 1

$71,597

Target 2

$71,055


Trading outlook:

  1. Below $73,939: Downside remains favored, with $71,597 and $71,055 as targets.
  2. Above $73,939: A recovery could open the way toward $74,855 and $75,401.


Bitcoin is moving dangerously close to its pivot. A successful recovery above $73,939 could offer bulls one of their last opportunities to regain momentum. But failure to reclaim this level would leave the door open to another leg lower.

Ethereum: $2,000 Under Pressure

Ethereum has been hit harder than Bitcoin, with prices approaching the psychologically important $2,000 mark.


The latest Trading Central setup puts $2,188 as the key resistance, with downside targets at $2,092 and $2,075.

Key Levels

ETH/USD

Resistance 2

$2,234

Resistance 1

$2,217

Pivot Point

$2,188

Target 1

$2,092

Target 2

$2,075


Trading outlook:

  1. Below $2,188: Bearish pressure remains, targeting $2,092 and $2,075.
  2. Above $2,188: A rebound could extend toward $2,217 and $2,234.


With ETH already approaching its first downside target, watch for a possible short-term bounce. However, a decisive break below $2,092 could deepen the decline.

What Crypto Traders Should Watch Next

The Fed's December decision is becoming a major risk event for digital assets. If inflation remains stubborn and yields continue climbing, Bitcoin and Ethereum could struggle to find lasting buying support.


Bitcoin needs to reclaim $73,939. Ethereum needs to defend $2,092. For both, the next move could be decisive.