Top Cryptocurrencies to Invest in Today, July 31 – Ethereum, BNB, Hyperliquid

Highlights:

• Ethereum has recovered strongly, but traders are watching the $2,000 resistance for the next breakout.
• BNB is testing the $586 support, with buyers needing a move above $596 to regain momentum.
• Hyperliquid could find fresh buying interest in the $37–$41 support zone before its next recovery.

The crypto market is slightly up today after a volatile week caused by the speculation around the Fed decision. The return of inflows to Spot Bitcoin ETFs has also renewed optimism in the market. On July 30, spot Bitcoin ETFs recorded total net inflows of $233 million. The market is still at a make-or-break point, with BTC holding above $64,000. Meanwhile, the 149,000 Bitcoin options that will expire today may induce volatility in the market.

The overall market cap is up 0.39% to $2.19 trillion as of press time. However, the trading volume is down 6.76% to $59.99 billion. The fear and greed index stands in the fear zone at an index of 34. The total liquidations in the past day come in at $212.37 million, according to CoinGlass data. With the market still looking for direction, here are the top cryptocurrencies to invest in today.

Top Cryptocurrencies to Invest in Today

1. Ethereum (ETH)

ETH is trading at $1,893, representing a 0.49% decrease over the past 24 hours. The market cap stands at $228.48 billion, while the trading volume has decreased by 28.6% to $8.14 billion.

Ethereum has recovered strongly after reversing from the recent three-day TD Sequential buy signal. Since then, ETH has gained more than 31% and reclaimed the $1,900 region. The latest TD Sequential sell signal now suggests bullish momentum may be slowing. However, $1,800 remains the key support that buyers must defend. Holding above that level would keep the recent breakout intact.

The TD Sequential called the Ethereum rally.

It flashed a buy signal near $1,500, just before a 31.5% move higher.

Now, with $ETH trading around $1,980, the indicator has flipped to a sell signal. It may be time to lock in some profits. pic.twitter.com/TLcLToGrtS

— Ali Charts (@alicharts) July 31, 2026

Meanwhile, $2,000 stands as the next major resistance and psychological barrier. A decisive close above $2,000 could extend the rally toward higher levels. However, rejection at current levels could trigger a healthy pullback before another attempt higher.

2. BNB

BNB is trading at $591.48, up 2.96% over the last 24 hours, with a market cap of $78.76 billion. Meanwhile, the trading volume is up by 41.76% to $1.38 billion.

Binance Coin has formed a clear head and shoulders pattern after a strong rally. The left shoulder developed near $590 before the move reached the $596 peak. Then the right shoulder formed close to the same resistance zone. Meanwhile, the neckline sits around $586 and remains the most important support.

$BNB$BNB is forming a head & shoulders pattern 👀 Buyers are struggling to reclaim the recent highs, while the neckline remains the key support level. Market psychology is shifting as bullish momentum begins to fade.

A decisive break below the neckline could confirm the… pic.twitter.com/zjqE2RMgqZ

— Crypto With Gopal (@cryptowithgopal) July 31, 2026

A confirmed break below $586 would complete the bearish pattern. That move could push BNB toward the $575 target. However, buyers still have a chance to invalidate the setup. A strong close above $596 would weaken the pattern and shift momentum back toward the recent highs again.

3. Hyperliquid (HYPE)

HYPE is currently trading at around $55.33, with a 2.83% increase in the past day. Its trading volume is up 15.94% to $378.2 million, while the market cap stands at $13.97 billion.

Hyperliquid has entered a corrective phase after completing a strong impulsive rally. The decline now targets the major demand zone between $37 and $41. This area aligns with previous consolidation and could become the next accumulation zone. Meanwhile, buyers must defend this range to preserve the broader bullish structure.

$HYPE$HYPE Update

After spending some time on the sidelines, I'm starting to look at long opportunities again.

The technical picture has improved noticeably.

We've already seen a healthy reset across several momentum indicators, increasing the probability that bullish… pic.twitter.com/WwT1ODM4Xu

— Crypto Wave Vision (@CryptoWaveV) July 31, 2026

The RSI continues trending lower and shows fading momentum. The MACD also remains below its signal line, reinforcing the current weakness. However, a strong reaction from $37 to $41 could mark the next higher low. That recovery could first reclaim $80. Then sustained momentum could drive Hyperliquid toward the projected $120 target.