With Bitcoin forming a new all-time high over the weekend the market seems to be ecstatic at the moment. The US government shutdown is further feeding the rising value of cryptocurrencies. This could be a driving factor going ahead.
BeInCrypto has analysed three such altcoins that are looking at a potential all-time high in the coming days.
Ethereum (ETH)
Ethereum, the second-largest cryptocurrency by market capitalization, is trading at $4,569, holding firmly above the key $4,500 support level. The altcoin king remains one of the closest tokens to retest its all-time high.
For Ethereum to reclaim its all-time high of $4,956, the token needs an 8.5% increase. Achieving this requires breaking through the $4,775 resistance, a level closely watched by traders. If bullish momentum continues and ETH successfully rebounds from $4,500, renewed market enthusiasm could drive the token toward a new record.
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
However, potential selling pressure poses a short-term risk to Ethereum’s price. A decline below the $4,500 support could trigger further losses, pushing ETH toward $4,222. Such movement would invalidate the current bullish outlook and erase a portion of recent gains.
OKB (OKB)
OKB is trading at $225, just below the crucial resistance level of $229. The altcoin has recorded impressive growth this month, climbing from $189 a week ago.
The next major target for OKB is breaking the $229 resistance and turning it into a stable support level. Achieving this would be pivotal in propelling the token toward its all-time high of $258, currently 14.6% away.
However, a failed breakout attempt may trigger a shift in market sentiment. If investors begin selling, OKB could retreat to the $207 support zone. Such a decline would negate the ongoing bullish outlook, highlighting the importance of maintaining upward momentum to preserve recent gains.
Aster (ASTER)
ASTER is trading at $2.08, maintaining stability above its key support level of $1.87 while facing resistance at $2.24. The token’s resilience indicates steady investor confidence, with bulls attempting to secure momentum.
For ASTER to reach its all-time high of $2.43, the altcoin must climb about 17% from its current price. This target appears attainable, as ASTER has already surged 11% today. If bullish momentum persists, the token could break through the $2.24 resistance.
However, ASTER’s performance remains sensitive to overall market sentiment. A shift from bullish to bearish conditions could trigger a decline below the $1.87 support level. In such a scenario, the price might slide toward $1.63, erasing recent gains and invalidating the prevailing bullish outlook.
The post 3 Altcoins That Could Hit All-Time Highs In The Second Week Of October appeared first on BeInCrypto.
