With capital rotating fast, Ethereum and Solana lead a rally that could rewrite record books.
Key Takeaways
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Where are crypto whales placing bets this Uptober?
Ethereum, Solana, BNB, and Aster top accumulation lists with rising inflows and breakout setups.
Which coins could rally next?
Momentum charts hint ETH near $5K, SOL above $250, and BNB reclaiming $1,220 if whales keep fueling Uptober’s run.
The cryptocurrency market has been bubbling, with total capitalization recently crossing $4.21 trillion. Within this period, the altcoin market alone held strong at $1.71 trillion.
As the altseason approaches, clear signs suggest that another rally could still be in play—with select altcoins leading the charge.
Market leaders such as Ethereum [ETH], Binance Coin [BNB], and Solana [SOL], along with rising star Aster [ASTER], have shown notable strength.
AMBCrypto highlights why these altcoins could reach new all-time highs as the market turns bullish.
Ethereum eyes $5,000 as institutional demand surges
With a market capitalization of $553.8 billion at press time, Ethereum remained the second-largest cryptocurrency.
Chart patterns suggested that for ETH to reclaim its all-time high and surpass the $5,000 threshold, it must break above the $4,601 resistance level.
A sustained move beyond this zone could trigger a new all-time high. However, achieving this will likely require strong institutional support.
Source: TradingView
Institutional investors could play a pivotal role by inducing a supply squeeze through large-scale accumulation — similar to Bitcoin’s recent $3.2 billion inflow that helped push it to a record high.
Between the 29th of September and the 3rd of October, institutional investors added $1.295 billion worth of Ethereum through Exchange Traded Funds (ETFs), according to SosoValue data.
BNB inches toward record high
BNB continues its upward trajectory, trading only 0.05% below its all-time high of $1,220.
Market analysis showed that a breakout could soon materialize, supported by key technical indicators — the Accumulation/Distribution (A/D) and the Moving Average Convergence Divergence (MACD).
Source: TradingView
The MACD recently formed a bullish “golden cross,” a pattern that occurs when the MACD line (blue) crosses above the Signal line (orange), often followed by significant price rallies.
Meanwhile, the A/D indicator showed steady accumulation, signaling that investors view BNB as undervalued and are positioning for further gains.
Solana’s on-chain boom lift price
Solana maintains strong bullish momentum as on-chain activity surges.
In the past 30 days, trading volume across decentralized exchanges on the Solana network reached $124.37 billion, maintaining a daily average of around $4 billion per DeFiLlama.
In fact, its Total Value Locked (TVL) climbed to nearly $12 billion, among its highest levels this year.
Historically, such on-chain growth aligns with rising demand and investor confidence.
Source: TradingView
From a technical standpoint, SOL repeatedly bounced off its ascending trendline, signaling robust support.
If bullish pressure pushes it above $253, the token could test its $295 all-time high.
While SOL holds steady, emerging altcoins are also capturing attention.
Aster is on the verge of price discovery
Aster has witnessed one of the most remarkable growth trajectories in the crypto space, driven by its market performance. The perpetual DEX has gained significant attention and adoption.
On-chain data showed that Aster generated $210.82 million in fees over the past 30 days, including $17.8 million in the last 24 hours. This positions its token for a potential major price breakout.
Source: TradingView
ASTER traded within a bullish triangle pattern, testing resistance near $2.43. A breakout above this range could push the token into a price discovery phase, setting new highs.
Altseason strengthens outlook
The recent bullish trend among major altcoins coincided with growing market-wide demand.
The Altcoin Season Index read 63 at press time and was trending upward, indicating that capital is increasingly flowing into altcoins.
If the index rises above 75, it would signal a stronger altseason phase, potentially driving even greater price growth across leading assets.
Overall, the market outlook remains bullish. Altcoins are expected to attract more capital inflows, further expanding their market capitalization and pushing prices higher.
Next: Bitcoin’s 6-year low in reserves sparks hope: Traders are torn between…
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