Major cryptocurrencies continued to face downside momentum through late October as Ethereum, Ripple, Cardano, and Hyperliquid recorded weekly losses, while Binance Coin bucked the broader market trend. The latest technical setup reveals key support levels under severe strain across several top digital assets.
Key Market Takeaways
- Ethereum (ETH) dropped 2% on the week to test the critical $2,400 support level.
- Ripple (XRP) declined 1% weekly after a 25% retreat from its $1.6 resistance, holding right at $1.3 support.
- Cardano (ADA) lost its key $0.23 support, declining 6% toward the $0.20 level.
- Binance Coin (BNB) gained 2% after successfully defending support at $690.
- Hyperliquid (HYPE) fell 3% to land on its $76 support level, marking its fourth consecutive weekly decline.
Major Support Levels Under Attack Across Top Altcoins
Ethereum extended its correction that began in early October, closing down 2% for the week. The price currently rests on $2,400 support. A failure to defend this level could trigger a sharper breakdown toward $2,000, a zone that went untested during the asset's previous rally. The technical outlook for ETH remains fragile as sellers press down on key levels, mirroring previous setups where Ethereum faced rejections near key support zones.
Ripple saw a modest 1% drop for the week, but the broader picture reflects a severe 25% pullback following a rejection at $1.6 resistance. XRP now sits directly on its $1.3 support line, which has experienced repeated testing. A clean break below $1.3 would leave sellers targeting the $1 threshold next, coming right as XRP tests critical support bounds.
Cardano suffered a 6% drop after buyers failed to preserve $0.23 support. Sellers remain in firm control, pushing ADA toward its next major defensive zone at $0.20. Any temporary relief rally would likely see $0.23 re-tested as overhead resistance.
Meanwhile, Binance Coin stood out as the sole green performer, adding 2% after buyers defended $690 support before bears could mount a serious challenge. While BNB faces overhead resistance at $800, it may consolidate sideways above $690 if broader market sentiment stabilizes. Lastly, Hyperliquid logged its fourth straight week in the red with a 3% loss, putting HYPE directly on its $76 support within a broader ascending channel. Breaching $76 would invalidate its 2026 uptrend and expose lower support at $63.
Why It Matters
The concentration of major crypto assets at lower macro support lines highlights a crucial inflection point for Q4 market structure. If buyers fail to hold $2,400 on ETH and $1.3 on XRP, systemic selling could cascade across altcoin markets before month-end. Conversely, BNB's resilience demonstrates that selective demand persists, suggesting traders are rotating capital into relative strength rather than exiting the asset class entirely.
