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Following
ADA 
BNB 
ETH 
HYPE 
XRP Cryptocurrency market analysis: ETH, XRP, ADA, BNB and HYPE
Today, we will discuss in depth the market dynamics of Ethereum, Ripple, Cardano, Binance Coin and Hyperliquid.
Ethereum (ETH)
This week, the overall cryptocurrency market entered a period of adjustment. ETH was not spared, with a weekly decline of 9%. If sellers continue to apply pressure, prices may quickly test the $2,400 support level.
This correction occurred after Ethereum tested the US$2,800 resistance level and failed to effectively break through. This suggests that upward momentum is fading, providing an opportunity for bears to take over the market, although the situation may be temporary.
Looking to the future, Ethereum may continue to adjust in the short term, but from a macro perspective, the price trend remains bullish, showing obvious characteristics of rising highs and lows. The only uncertainty is how long the bears will control price movements before the bulls regain control of the situation.
Ripple (XRP)
After again failing to break through the US$1.6 resistance, XRP entered a correction phase, retreating 10% this week alone. Without change, prices could easily fall back to support at $1.3, the closest position buyers may be interested again.
If you want to maintain a bullish trend in the long term, Ripple must remain above $1.3. Losing this support will turn the chart bearish and could cause prices to fall further to near $1. I hope the buyer will not let this happen.
Looking to the future, it is recommended to wait for the XRP test and confirm US$1.3 as a support level before taking any action. Because if buyers want the cryptocurrency to eventually exceed $1.6, they first need to prove their strength.
Cardano
After recently breaking through $0.23, the ADA tested this key level during its ongoing pullback, with a weekly decline of 7%. So far, this support level has performed well and buyers may consolidate here before launching the next major market.
If bulls continue to perform strongly this month, the next key target will be $0.33, which is attractive to buyers. Any correction in Cardano's price movement since July is regarded as a buy signal.
Looking ahead, the ADA's upward trend over the past few months is consistent and is likely to continue in the future. However, as prices hit higher and higher targets, the possibility of a major correction increases.
Binance (BNB)
Binance fell 5% this week, and the price fell with the overall market after hitting US$800. The current correction could push prices to support at $690.
Although this correction is unusual, bulls must keep prices above $690 if they want to maintain the upward trend that began in late August.
Looking ahead, BNB has risen steadily over the past few months, and this momentum will remain unchanged as long as key support levels are not lost. If so, the buyer's next major target will be $900. This is also a critical level where sellers may return strongly.
Hype (HYPE)
Hyperliquid has been struggling to break through the $97 resistance level, and sellers successfully took over the market this week, pushing prices back towards $85. Without change, prices could fall at the key support level of $76 in the coming weeks.
Affected by this price fluctuation, HYPE also fell 6% this week. Although this is not a major event given its historical volatility, prices are slowly approaching the lower boundary of their upward trend.
Looking ahead, if HYPE fails to keep prices in the upward channel, it may face a major correction. To confirm this, the $76 support level must fall. To avoid this, buyers need to return and break through the $97 resistance level, eventually reaching the key psychological level of $100.
