The cryptocurrency market is demonstrating strong growth in Q2 2025, with Ethereum (ETH) leading with a rise of over 36.5%. Hyperliquid (HYPE) is also showing positive dynamics, although forecasts indicate potential correction.
Q2 Results for Ethereum
In Q2 2025, Ethereum showed an impressive increase, rising from $1,385 to $2,450. This stimulated an overall optimistic sentiment in the market, which subsequently affected many altcoins.
Technical Analysis of Hyperliquid
On the 4-hour chart, Hyperliquid has formed a bearish rising wedge, which is considered a reversal signal. The asset's price has spent time below both support and resistance lines. The recent rejection from the upper trendline at $41.15 indicates strong resistance and a slowdown in upward momentum.
What’s Next for Hyperliquid?
Hyperliquid is currently at a critical support level closely aligned with the 100-period moving average at $37.93. A confirmed breakdown below this level would validate the bearish wedge setup with a target of $28.29. However, if HYPE can hold this support, a rally may occur towards the resistance at $41.80.
The cryptocurrency market is showing significant changes, with Ethereum on the rise and Hyperliquid on the verge of correction. The coming time will be decisive for HYPE's future direction.
