Cryptocurrencies Price Prediction: Ethereum, Hyperliquid & Bitcoin – Asian Wrap 17 July
Ethereum price trades at $1,852 on Friday, holding above the 50-day EMA at $1,811 while still capped below the 100-day EMA at $1,943. This alignment hints at a neutral-to-bullish near-term bias, with price trying to build a base but facing a broader corrective structure under the higher EMAs at $1,943 and $2,188. The RSI at 58 stays in positive territory without being overbought, while the MACD remains above zero but is easing, suggesting that upside momentum is constructive yet not aggressive.
Hyperliquid hovers around $60 at press time on Friday, maintaining a bearish near-term bias after breaking below its 50-day EMA at $63.09, with a 9% drop the previous day. Still, the longer-term 200-day EMA at $49.85 underpins the broader structure. The MACD descends into negative territory with a bearish profile, and the RSI near 41 suggests subdued momentum, reinforcing the downside pressure.
Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war. With risk-loving investors increasingly looking at AI-related stocks and with no visible catalysts ahead, Bitcoin enters the second half of the year facing a crucial question: can it rebuild demand or will the correction deepen? Bitcoin price touched a 2026 low on July 1 at $57,800, down from the yearly open of $87,648.
