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Following
ADA 
BNB 
ETH 
HYPE 
XRP Crypto Price Analysis on September 4: ETH, XRP, ADA, BNB and HYPE
This Friday, we will discuss in depth the market performance of Ethereum, Ripple, Cardano, Binance Coin and Hyperliquid.
Ethereum (ETH)
Ethereum prices are stable this week. Although trading volume gradually shrank after an initial rebound and volatility dropped significantly from earlier, prices remained firmly above the key support level of $2,400. Although the consolidation period is the norm in the market, it is often a period when price momentum weakens and sellers may re-enter the market. However, as long as key support levels are not effectively broken, buyers still dominate.
Looking to the future, if ETH wants to continue its rally, it must stick to the US$2,400 defense line. For now, buyers are in control, but the road to $2,800 may be more rugged than in the past few weeks.
Ripple (XRP)
XRP's trend this week was also dominated by sideways movements, recording a modest increase of about 2%. Prices fluctuate within a resistance range of $1.3 to $1.6, which also limited price gains several times between February and May this year. To regain its upward momentum, the cryptocurrency needs to break through this consolidation range, and trading volume and volatility are expected to pick up accordingly.
Judging from the current price trend, the buyer has an advantage, but if the price cannot be effectively exceeded US$1.6, the situation may change. Given the hesitation after a strong rally, the market showed a certain wait-and-see mood here. While continued gains may end a bear market trend, it is too early to say that a bottom has been established, which explains why buyers appear cautious here.
Cardano (ADA)
Driven by buyers this week, the ADA closed up 5% and retested the $0.23 resistance level. As of this article's publication, that resistance level is still in effect, but could put pressure on it if buying strengthens again.
In order to confirm a bottom pattern below US$0.15, prices must break through current resistance. Buyers encountered a rejection in this position in August, but a new round of offensive in September may succeed. Looking forward, once US$0.23 translates into a key support level, this cryptocurrency will be ready to launch a strong rally. If buying volume increases, ADA is expected to move towards $0.30 or even $0.40.
Binance (BNB)
This week, Binance stayed firmly above the support level of US$690, but failed to move significantly out of the region, which is why it has only gained 1% in the past seven days.
Although momentum has weakened, BNB is close to forming a higher high. Any price above $745 will confirm this pattern and could push the cryptocurrency to continue its assault on the $900 target. The market may be in a brief rest period before momentum returns. Although price movements are conducive to continuing the rally, higher highs are still needed to boost market confidence.
Hyperliquid (HYPE)
This week, Hyperliquid successfully broke through the $85 resistance level and closed up 4%. This trend not only confirmed higher highs, but also set a new price record. The next key is whether this level can be transformed into effective support, or whether it will be transformed into resistance by sellers.
If it is the latter, buyers are likely to retreat to the support level of US$76 to defend near-term gains. It is worth noting that HYPE has been in an upward trend for several consecutive weeks, and there has been no significant correction or correction, so future adjustments are expected. Looking forward, HYPE may continue to push upward until it hits the psychological $100 barrier. If the buyer tries to break through, the seller may be fortified there. But in the short term, it is recommended to pay close attention to the reaction of prices around $85 in the coming days.
