This week, Ethereum maintained its position around the crucial support level of $1,800, experiencing a slight decline of 2%. While this places sellers in a more advantageous position, they must breach the support level to seize the initiative. The current ETH price action indicates notable weakness following the establishment of a lower high just beneath $2,000. Buyers failed to establish that level as support, which explains the resurgence of bears. Looking ahead, Ethereum is poised to revisit the $1,800 mark once more. If that level fails to hold, this cryptocurrency may revisit the support at $1,500, where buyers finally returned in early July. XRP has encountered challenges this week, finding it difficult to maintain a position above $1. The price also fell by nearly 3% and is close to turning $1 into a significant resistance level. It requires merely an additional impetus from sellers. If $1 becomes resistance, this will only prolong the current downtrend, which started in August 2025.
Given that this represents a significant psychological threshold, any breach of support could prove detrimental, prompting buyers to withdraw to substantially lower levels, with the subsequent critical support positioned at $0.80. Looking ahead, this cryptocurrency exhibits a minimal likelihood of reversing its ongoing downtrend, particularly following the price decline from two identical pennants. This only reconfirms that bears are in total control over the price. Cardano commenced the month on a positive note; however, the resurgence of sellers has resulted in a 10% decline in price just this week. That represents unfavourable developments for bulls, who may have already withdrawn to the critical support level at 15 cents. Should this corrective move continue, then a re-test of $0.15 is very likely. That level must be maintained if ADA intends to circumvent new lows. Any weakness could abruptly lead to a significant decline in price.
Looking ahead, it seems Cardano may consolidate above the key support level if buyers are able to stabilise the price in this region. A consolidation period would be beneficial following the extended downtrend that commenced in 2025. Binance Coin concluded the week with a 3% increase, having established support at $580. If sellers do not re-enter the market at this juncture, BNB is positioned favourably to advance further, potentially approaching the significant resistance level at $690. At this time, this cryptocurrency is trading around 610. As long as the price remains above $600, buyers will maintain a favourable position regarding momentum. However, the buy volume continues to be subdued. Looking ahead, BNB may be establishing a significant rounded bottom at the current levels. That will be confirmed if the price moves above 630. If so, a test of $690 becomes increasingly probable in the future.
HYPE exhibited stability on the weekly timeframe, encountering resistance at the $58 level. If nothing changes in the days to come, then the price could revisit the key support at $52. Since reaching its all-time high of $76 in June, this cryptocurrency has been experiencing a pattern of lower lows and lower highs. Given the substantial rally observed in the initial months of the year, it is plausible that the ongoing correction may persist for an extended period. Looking ahead, the most decisive level on the chart is found at 52. This key support has prevented sellers from achieving new lows; however, it may be subject to retesting in the near future, which could be viewed as a bearish signal. It is advisable to exercise patience in this context and monitor the price movements closely.
