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Hyperliquid jumped 3.5% to $58.04. Not a massive move, but it matters — the token cleared two moving averages in a single session, and traders are now watching whether the rally has legs.
The short-term moving average sat near $56.93. The 100-day was close by, around $56.66. Hyperliquid punched through both, which basically turns that $56–$57 zone into a support floor buyers will want to defend going forward. That kind of level flip is pretty much what momentum traders look for before adding to positions. The recovery comes after a stretch of consolidation where those same averages kept capping price action — so clearing them isn’t nothing. Still, the 50-day moving average is sitting right around $60.85, and that’s the wall nobody’s broken yet. Until that gives way, the upside is murky at best.
The RSI climbed to roughly 52.6.
That’s up from recent neutral territory, which is a mild positive. An RSI above 50 doesn’t scream “buy everything,” but it does mean selling pressure has eased and buyers are at least showing up. The 200-day moving average, now near $50.89, held firm during August’s correction and probably gives longer-term holders some comfort. If Hyperliquid can clear $60.85 with volume behind it, that would be a meaningful signal — a real recovery from highs that were above $70 not long ago. For now, it’s a step in the right direction. Just one step.
Ethereum Watches for a Crossover
Ethereum’s setup is different but maybe more interesting to watch right now. The 50-day moving average has been climbing and is now near $1,818. The 100-day sits around $1,920. That gap is closing, and traders are paying attention because a crossover between those two averages can shift sentiment fast.
But Ethereum hasn’t broken $1,920 yet. It’s stuck in the range between those two levels, which is kind of an awkward spot — not clearly bearish, not clearly bullish either. The $1,900–$1,950 zone is the resistance area that needs to crack before anyone can make a strong case for a sustained move higher. If Ethereum pushes decisively above $1,920, the crossover narrative gets a lot louder. Until then, it’s a wait-and-see situation. Probably frustrating if you’re holding and hoping for a breakout.
The RSI for Ethereum sits slightly above 52.6 — similar to Hyperliquid’s reading. Some room to move up. Not overbought. The 50-day turning upward is a hint that sentiment may be shifting, but a hint isn’t confirmation.
Shiba Inu Loses Its July Momentum
Shiba Inu’s story is less encouraging. After a brief surge in late July, the token has basically given everything back, dropping to around $0.00000448. That erases the gains from the spike and puts SHIB right back near its 50-day moving average, which sits at roughly $0.00000445.
The 100-day moving average is around $0.00000493. That’s nearly 10% above where SHIB is trading right now — a real distance to cover, and the token can’t seem to hold above the closer averages, let alone reach the farther one. The RSI has dropped toward 45, which is a meaningful divergence from where Hyperliquid and Ethereum are sitting. Fading momentum, can’t hold moving averages, RSI sliding below 50. That’s not a great combination.
There is a support zone between $0.0000041 and $0.0000043 that formed through June and July. That’s probably the line bears would need to break to really accelerate things to the downside, and it’s held so far. But holding support isn’t the same as building a bullish trend. SHIB hasn’t managed to sustain any move above its 50-day or 100-day averages, and that’s made it hard for any medium-term recovery case to gain traction.
The divergence across these three assets is pretty telling right now. Hyperliquid cleared two moving averages and is pushing at a third. Ethereum is converging toward a potential crossover. Shiba Inu is losing momentum and watching its RSI drift lower. Three different technical pictures, three different near-term outlooks.
For Hyperliquid, the number to watch is $60.85. That’s the 50-day moving average, and it’s the next real test.
Hub: Ethereum price, news, and analysis
Frequently Asked Questions
What resistance level is Hyperliquid currently facing?
Hyperliquid faces key resistance near $60–$61, where the 50-day moving average sits at approximately $60.85. A break above that level would strengthen the recovery case from highs above $70.
Where does Shiba Inu’s nearest support sit?
SHIB has a support zone between $0.0000041 and $0.0000043, built during June and July, though the token is struggling to push above its 50-day moving average near $0.00000445.
