This Friday we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid to assess recent price action and likely short-term scenarios.
Ethereum (ETH)
This week was one of the harsher stretches of the bear market, with most major cryptocurrencies losing double digits. Ethereum fell roughly 17%, and the prior $1,800 support failed, flipping into resistance.
At the time of writing, ETH trades below $1,700 and is struggling to attract sustained buying. The next meaningful cushion sits around $1,500, a level that provided support in early 2025 and could spark a bounce if buyers reappear.
Looking forward, the market remains firmly bearish with no clear signs of a turnaround. Traders and investors should prepare for the possibility of lower lows until a definitive bottom is found; a renewed wave of selling could push ETH back toward the $1,000 area.
Ripple (XRP)
XRP dropped about 14% this week, making a lower low after breaking below a blue pennant formation—an early sign of bearish momentum. Short sellers are currently in control and appear intent on testing the $1 level.
$1 is an important psychological and technical barrier and could attract buyers, but under continued broad bearish conditions it may not hold. If $1 turns into resistance on any rebound, the next logical downside target is around $0.80.
Monitor how XRP reacts at the $1 area; that interaction will be a key clue for whether the downtrend has further room to run.
Cardano (ADA)
After an extended period of consolidation, ADA’s $0.24 support finally broke. Sellers quickly pushed the price lower, resulting in a roughly 30% decline—Cardano’s worst weekly drop since the October 10th crash.
With $0.24 now acting as resistance, the outlook for a swift recovery is limited. The more probable path is a gradual slide until a definitive bottom forms. The next support to watch is near $0.15, but sustained selling pressure could breach that level as well.
Overall, Cardano’s technical picture remains weak and market sentiment is at very low levels in 2026. A meaningful rebound would require a clear shift in momentum and buying conviction.
Binance Coin (BNB)
BNB’s price action this week resembled a classic false breakout. The token briefly cleared resistance near $690, only to reverse and plunge more than 20% back down toward the $580 support. Traders who bought the breakout were left vulnerable.
Because the market returned to that key support, BNB finished the week roughly 7% lower overall. The reversal signals waning buyer conviction and heightened downside risk.
Looking ahead, the next significant level to watch is $580; a break below it would open the path toward $500. Even though bulls have defended $580 since early 2026, broader market weakness could still drag BNB lower.
Hype (HYPE)
HYPE retraced the gains it made last week after briefly reaching nearly $76, returning to its prior price and retesting the breakout level at $60. The key question is whether $60 will hold as support on this pullback.
If $60 fails, the next major support sits around $50, which would be crucial for preserving the uptrend that began in January 2026. As long as $50 holds, the longer-term bullish trend remains intact.
Given HYPE’s strong performance this year, a healthy correction and consolidation would be constructive. Further rapid gains here could invite a sharper, more aggressive retracement later, so a measured pullback now could benefit the token’s longer-term stability.