Crypto Market Struggles: ETH, XRP, ADA, SOL, and HYPE Face Key Levels

Ethereum, Ripple, Cardano, Solana, and Hyperliquid Under Pressure as Market Sentiment Remains Bearish

The crypto market has taken another hit this week, with major altcoins facing significant losses. Ethereum (ETH), Ripple (XRP), Cardano (ADA), Solana (SOL), and Hyperliquid (HYPE) have all seen sharp declines, raising concerns about the future trajectory of these assets. Let’s break down what’s happening.

Ethereum (ETH) - Searching for a Bottom

Ethereum took a major hit, plunging 13% this week after losing its grip on the critical $2,000 level. With this psychological barrier breached, sellers gained control, pushing ETH down to $1,800 - a price point not seen since 2023.

Since December 2024, Ethereum has been locked in a relentless downtrend, shedding nearly 60% from its $4,100 peak. Now, all eyes are on $1,800 to see if it can provide the much-needed support. If not, ETH could tumble even further before finding a stable ground for recovery.

Ripple (XRP) - Holding Strong Despite Market Turbulence

Despite an 8% weekly drop, XRP has shown resilience by holding above $2 - a crucial level that has been repeatedly tested. At the time of writing, XRP sits around $2.3, with a key resistance at $2.4. A breakout above this level could set the stage for a re-test of the $3 resistance.

Compared to other altcoins making lower lows, XRP stands out as a potential frontrunner for a rebound. If bullish momentum returns, it could be one of the first to break out, especially if the $3 resistance is finally taken down.

Cardano (ADA) - Struggling to Stay Afloat

Cardano had one of the worst performances this week, crashing 18% and returning to its key support at $0.64. This level has held for now, but the overall momentum remains firmly bearish. Just a few weeks ago, ADA was trading above $1, making this decline even more painful for investors.

For a recovery, ADA needs to flip $0.9 into support. However, given the broader market weakness, a reversal seems unlikely in the short term. If the $0.64 support fails, ADA could slide further, with $0.5 being the next critical level to watch.

Solana (SOL) - Fighting to Stay Above $100

Solana had another rough week, losing 12% after breaking below the $134 support, which has now turned into resistance. Buyers have retreated to the $105 level, a crucial support that must hold to prevent further downside.

SOL’s chart mirrors Ethereum’s, with consistent lower lows indicating a clear downtrend. If the selling pressure persists, Solana could test the psychological $100 level. Losing a three-digit price tag would be a major blow to investor confidence.

Hyperliquid (HYPE) - The Hype Fizzles Out

Hyperliquid’s HYPE token had an explosive start, but its momentum quickly faded. Since February, the token has been in a steady downtrend, and this week was no exception, with an 18% drop. After losing the $15 support, buyers have now retreated to $11, where some relief may emerge.

Looking ahead, HYPE faces a tough battle. If it dips below $10, it could attract bargain hunters looking for a discount. However, unless a strong reversal kicks in, the downtrend is likely to continue.

Final Thoughts - Can the Market Rebound?

The crypto market remains under pressure, with major altcoins struggling to find solid footing. While XRP has shown relative strength, others like ETH, ADA, SOL, and HYPE are still searching for a bottom. Until a shift in sentiment occurs, further declines cannot be ruled out. Investors should watch key support levels closely, as they will determine whether a reversal is on the horizon or if the downturn continues.