ETH, XRP, ADA, BNB and HYPE Slide as Post-Midterm Crypto Rally Fades

The post-election pump lasted about a day. Ethereum ripped 10% higher in the 48 hours around the US midterms, then handed every bit of it back, re-confirming $2,400 as a hard ceiling. ETH closed the week flat, and CryptoPotato's analysis says the worst may not be over.

Sellers are running the show on Ethereum. Five straight weekly candles have printed red, each with a lower low than the last. The first level with a real shot at flipping the script sits at $2,000, and if that gives way, bears have $1,800 in their sights.

XRP fared worse, closing the week down 6% as it grinds toward fresh lows. The cross-border token is hovering near $1.2, with the widely watched $1.1 and $1 levels coming up fast. Momentum is accelerating to the downside with no relief in sight, and CryptoPotato expects sellers to test $1 before they tire out.

Cardano is in the same ditch. ADA is headed for a fifth consecutive red weekly candle after shedding 5% this week, wiping out more than half of its August and September rally. Buyers need to show up near $0.18 and $0.16; if both crack, the next stop is $0.15, last seen in June.

Binance Coin is pinned at the $690 support and losing the staring contest. The token closed the week 4% lower, and a break here opens the door to $580. According to the outlet, Binance weathered the biggest crypto hack in history and has since reopened withdrawals, with roughly $5 billion walking out the exchange's doors.

Hyperliquid took the hardest hit of the bunch, closing 17% lower on the week. A rally toward its all-time high of $97 got completely erased within seven days, and a towering bearish wedge has been building since the start of 2025. If HYPE slips below that wedge, $97 may have been the top for months, with CryptoPotato suggesting it might not be challenged again until sometime in 2027.