Hypertensive retinopathy is caused by chronically elevated blood pressure and progresses through vasoconstrictive, sclerotic, and exudative phases. It is diagnosed through fundus examination showing arteriolar narrowing, arteriovenous nicking, hemorrhages, exudates and other changes. The severity is classified using systems like Keith-Wagener-Barker or Wong-Mitchell, with more severe grades indicating complications like papilledema. Differentiating it from similar conditions like diabetic retinopathy requires considering the medical history of hypertension versus other risk factors.