This Friday, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Hype in the crypto market.

Ethereum (ETH)

This week, Ethereum saw a 7% drop, losing support at $3,000. With buyers retreating, sellers dominate the market and seem poised to continue this downward trend. Key support stands at $2,400, although a lower low below $2,600 is necessary for this to manifest.

Ethereum Price Chart Source: TradingView

Ripple (XRP)

This week, Ripple hit a new low with an 8% decline after losing support at $2. Now hovering around $1.76, it appears set to test the key support at $1.6. Immediate upward momentum seems unlikely.

Ripple Price Chart Source: TradingView

Cardano (ADA)

Cardano fell sharply by 10%, dropping to $0.33. The impending support at 27 cents was last tested in July 2024, marking a significant retreat.

Cardano Price Chart Source: TradingView

Binance Coin (BNB)

After being rejected at $900, Binance Coin closed with a 5% loss. If the support at $800 fails, a decline to $700 is likely.

Binance Coin Price Chart Source: TradingView

Hype (HYPE)

HYPE experienced a wild week, initially surging 68%, before settling at a 35% gain. This surge followed the end of selling activity by major stakeholders, yet it still couldn’t regain $35 as a support level due to ongoing bearish trends.

HYPE Price Chart Source: TradingView