Crypto Price Analysis Oct-23: ETH, XRP, ADA, BNB, and HYPE

Today, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail. Ethereum (ETH) This week, the correction that started in early October continued, and ETH closed 2% lower. While this is a modest drop, the price has arrived at the $2,400 support, which appears to be holding at the time of this post. There is fear in the market, and if the key support cracks, that would send prices crashing yet again. Such a scenario would see Ethereum quickly fall to the $2,000 level, which has not been tested as support during the previous rally. Looking ahead, ETH is showing weakness, and the current correction has only intensified with each passing week. The only hope for bulls is to defend the price at $2,400 since the alternative is lower lows. Source: TradingView Ripple (XRP) XRP has crashed by almost 25% since it was rejected at the $1.6 resistance, with the price now found at the $1.3 critical support. This level has been tested repeatedly. While buyers managed to hold here, the outlook remains bearish. The price closed this week 1% lower and shows that market participants are taking their time before their next major move. That’s because a break below $1.3 would...