Crypto Price Analysis August-14: ETH, XRP, ADA, BNB, and HYPE
This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail. Ethereum (ETH) This week, Ethereum hugged the key support at $1,800 with a minor loss of 2%.
While this puts sellers in a more favorable position, they will need to break the support if they want to take the initiative. The current ETH price action shows significant weakness after forming a lower high just below $2,000.
Buyers were not able to claim that level as support; this is why bears are returning. Looking ahead, Ethereum will likely test $1,800 again. If that level fails to hold, this cryptocurrency may revisit the support at $1,500, where buyers finally returned in early July.
Source: TradingView Ripple (XRP) XRP has had a difficult week, struggling to hold above $1. The price also fell by nearly 3% and is inches away from turning $1 into a key resistance. All it takes is one more push by sellers.
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