Pronunciation: [ˈe͡ɪɪp] (IPA)
Correct spelling for the English word "EHYP" is [ˈe͡ɪɪp], [ˈeɪɪp], [ˈeɪ_ɪ_p] (IPA phonetic alphabet).
There is no commonly recognized acronym or abbreviation "EHYP" in the dictionary.