Crypto Price Analysis Oct-16: ETH, XRP, ADA, BNB, and HYPE

Today, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail. Ethereum (ETH) The crypto market correction continued this week and Ethereum broke below the support at $2,400 for a brief period before buyers returned to push it back up. This has allowed the price to close at a similar level to last week. This ongoing correction has completely stopped the bullish momentum, which now appears to be transitioning into a bearish trend. The only barrier to that is the support at $2,400, which is still holding at the time of this post. Looking ahead, Ethereum has a decisive week ahead as sellers will try their luck again. If buyers show weakness, then a deeper correction awaits that could see this cryptocurrency revisit $2,000. Source: TradingView Ripple (XRP) XRP closed 3% lower this week and is quickly approaching the support at $1.3. In the past, this level was defended well, but repeated tests can be interpreted as bearish, and it seems the bullish momentum is slowly vanishing from the order books. In the case bears manage to break below $1.3 in the coming days and turn that into a key resistance, then buyers will most likely retreat to the key psychologi...