Cryptocurrencies Price Prediction: Ethereum, Bitcoin & Hyperliquid – Asian Wrap 04 November

Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – BTC tests critical support, ETH struggles below resistance, XRP extends losses

Ethereum price trades at $2,255 on Wednesday, keeping a bearish near-term tone as it holds below the 200-day and 100-day EMAs at $2,315 and $2,349. ETH has also slipped below the broken rising trendline, now acting as resistance near $2,399. Meanwhile, the RSI at 34 remains near oversold territory, and the MACD stays negative, suggesting lingering downside pressure despite a slowdown in bearish momentum.

Bitcoin struggles to capitalize on US Dollar weakness as Democrats advance in US midterms

Bitcoin (BTC) is down nearly 2% on Wednesday, trading below $76,000, and testing the 200-day Exponential Moving Average (EMA) baseline near $76,501. Bitcoin’s pullback aligns with the weakness in the US Dollar (DXY), which typically provides tailwinds for risk-sensitive assets. The selling pressure aligns with the US midterm elections as early results point to Democrats leading gains in both houses.

Hyperliquid Price Forecast: HYPE eyes $78.4 support as CFTC approves US equity perpetuals

Hyperliquid (HYPE) trades at $81.73 as US regulators open another route for perpetual futures, allowing contracts tied to individual stocks to trade on qualifying domestic exchanges. The Commodity Futures Trading Commission (CFTC) stated Tuesday that perpetual futures on individual equity securities can begin trading on registered contract markets that are also recognized by the Securities and Exchange Commission (SEC).