- Ethereum: Institutional buying boosts ETH, aiming to break $4,601 and test $5,000.
- Aster: ASTER nears $2.43 resistance, signaling potential breakout with strong whale accumulation.
- Ripple: XRP shows high on-chain activity and might push toward a new all-time high.
The crypto market is showing interesting movements this November, with several altcoins attracting large-scale investors. Whales appear to be making notable moves, signaling potential price shifts. Observing which tokens receive heavy accumulation can give traders an edge. Three altcoins, in particular, are drawing attention from institutional investors and high-net-worth individuals. Let’s break down Ethereum, Aster, and Ripple, examining why these coins might see significant action this month.
Ethereum (ETH)
Ethereum continues to dominate as the second-largest cryptocurrency with a market cap of $553.8 billion. Price charts show strong resistance at $4,601, a level ETH must surpass to challenge the $5,000 mark. Institutional investors are increasingly entering the market, creating pressure through large-scale accumulation. Between September 29 and October 3, they added $1.295 billion worth of Ethereum via ETFs, according to SosoValue.
This growing demand hints at a supply squeeze similar to recent Bitcoin inflows. Whales seem to view Ethereum as a strategic asset, especially amid expanding adoption of decentralized finance and NFT projects. If buying momentum continues, Ethereum could test previous highs and potentially break through the $5,000 level.
Aster (ASTER)
Aster has emerged as a standout in the crypto space due to robust market performance and higher platform adoption. As a decentralized perpetual exchange, it draws significant attention from both retail and institutional investors. On-chain metrics reveal $210.82 million in transaction fees over the last month, with $17.8 million recorded in just one day.
ASTER currently trades near $2.43, testing resistance while forming a bullish triangle pattern. Breaking above this level could trigger a price discovery phase, pushing ASTER toward new highs. Whale activity seems particularly concentrated here, indicating strong confidence from major market players.
Ripple (XRP)
Ripple’s XRP faced a 15% drop over the past week but managed to hold the $2.0 support level. Currently, the price sits just above $2.2. Crypto analyst XForceGlobal on X suggests $10 as a cautious Wave 3 target. They highlighted strong accumulation and a stable price floor, which could drive a substantial upward move for XRP.Institutional investors increasing their positions and growing adoption of the XRP Ledger also signal bullish momentum. Although the broader crypto market faces a downtrend, XRP shows potential for a strong rebound, making it an attractive buy option.
Whales are focusing on Ethereum, Aster, and Solana this November, hinting at potential market shifts. Institutional interest in ETH is creating upward price pressure, while ASTER nears a key breakout point. Solana’s strong on-chain activity supports its bullish potential. Observing these altcoins could provide traders valuable insights into market trends this month.
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