$BTC
As of Monday, March 9, 2026, Bitcoin (BTC) and Ethereum (ETH) are struggling, with bearish sentiment holding firm as both assets trade near lower consolidation boundaries, according to FXStreet. BTC faces resistance at the 50-day EMA, and ETH holds around $1,946, with both at risk of further downward correction due to geopolitical tensions, says FXStreet.
Bitcoin (BTC) Update
Price Position: Trading near the lower boundary of its consolidation range after failing to break above the 50-day Exponential Moving Average (EMA).
Outlook: The near-term outlook is bearish, with potential for further, deeper corrections in the coming days.
Ethereum (ETH) Update
Price Position: Stabilizing around $1,946 after being rejected by the upper boundary of its current consolidation range.
Outlook: Similar to Bitcoin, ETH faces strong resistance and is struggling to maintain upward momentum.
Market Sentiment
Bearish Control: Bears remain in control for both major cryptocurrencies, along with XRP, as they deal with immediate resistance levels and macroeconomic pressures.