**Date: **Mon, Jan 05, 2026 | 05:26 AM GMT
As 2026 kicks off, the broader cryptocurrency market is showing renewed stability. Ethereum (ETH) is up nearly 4% on the week, and momentum is gradually spreading across major altcoins — including the decentralized exchange token Aster (ASTER).
While ASTER is also posting over 4% weekly gains, the more important story is unfolding beneath the surface. Recent price action suggests a meaningful structural shift may be developing — one that could mark the early stages of a bullish continuation if key technical levels are reclaimed.
Source: Coinmarketcap
Rounding Bottom in Play
On the daily timeframe, **Aster **appears to be forming a rounding bottom pattern, a classic bullish reversal structure that typically develops after a prolonged corrective phase. This pattern reflects a gradual transition from aggressive selling to steady accumulation, as downside momentum fades and buyers slowly regain confidence.
The setup began after ASTER faced strong rejection near the $1.35–$1.40 neckline resistance zone, triggering a sharp decline through late November and December. That downside move eventually found strong demand near the $0.6546 support level, which has since acted as a critical base. Multiple defenses of this zone prevented further downside and helped establish a stable foundation for a potential trend reversal.
Aster (ASTER) Daily Chart/Coinsprobe (Source: Tradingview)
Since carving out that bottom, ASTER has started to curve higher in a smooth, rounded fashion — closely matching the textbook structure of a developing rounding bottom. The recent stabilization above the $0.76 region further supports the view that selling pressure is weakening and accumulation may be underway.
A key technical level now comes into focus: the 50-day moving average, currently hovering near $0.9202. This moving average has acted as dynamic resistance throughout the recovery phase, repeatedly capping upside attempts.
What’s Next for ASTER?
For the rounding bottom structure to gain confirmation, ASTER needs to reclaim the $0.9202 region and establish acceptance above the 50-day moving average. A sustained move above this zone would signal that buyers are regaining control after months of corrective price action.
Beyond that, the most significant technical barrier remains the $1.35–$1.40 neckline resistance. A clean and decisive breakout above this area would validate the entire reversal pattern and could open the door for a broader bullish expansion phase, with momentum traders and sidelined participants likely re-entering the market.
Until those levels are reclaimed, the pattern remains in development. Short-term consolidation or minor pullbacks remain possible if ASTER struggles near the 50-day MA. However, as long as price continues to form higher lows and holds above the established rounding base, the broader bottoming structure remains intact and constructive.
Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
About Author: Nilesh Hembade is the Founder and Lead Author of Coinsprobe, with over 5 years of experience in the cryptocurrency and blockchain industry. Since launching Coinsprobe in 2023, he has been providing daily, research-driven insights through in-depth market analysis, on-chain data, and technical research.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Glassnode: Bitcoin selling pressure has eased, but institutional demand remains in the testing phase
PANews March 6 News, Glassnode posted on X platform analyzing that the outflow trend of Bitcoin spot ETF funds has stabilized. The 14-day net flow trend has turned upward, indicating that as Bitcoin breaks through $70,000, selling pressure is easing. Institutional demand remains in a tentative stage, but early signs of reaccumulation are beginning to appear.
GateNews1m ago
XRP Today's News: Musk X Money Beta Released, Sparks On-Chain Integration Speculation
Elon Musk's X company has launched a beta version of the X Money payment system, allowing users to transfer and manage funds, sparking widespread discussion about XRP integration. Although there are no official plans for cryptocurrency integration at the moment, the market is generally optimistic. Analysts believe that XRP has design advantages for payments, especially with improved regulatory environments, making it more promising. However, the practicality of stablecoins is also under scrutiny. XRP is currently testing the $1.50 technical resistance level. If successfully broken through, it could trigger further gains.
MarketWhisper3m ago
ETH short-term upward movement of 0.99%: Driven by whale inflows and external capital transfers, a structural rebound
From 01:30 to 01:45 (UTC) on March 6, 2026, ETH achieved a return of +0.99% within 15 minutes, with a price range of 2065.42 to 2088.57 USDT, and an amplitude of 1.12%. The volatility during this window was significantly higher than the daily average, increasing short-term market attention. Liquidity was relatively low, and some large transactions drove the trading volume upward.
The main driver of this abnormal movement was the concentrated inflow of whale funds into decentralized exchanges and large transfers. On-chain monitoring detected multiple large ETH fund inflows into DeFi protocols and trading platforms, effectively pushing
GateNews26m ago
Bitcoin drops to $70,600, Ethereum holds at 2,055. Analysts: Bull market score is only 10; don't put too much faith in this rebound.
Bitcoin has recently continued to hit new lows, currently trading at $70,923, and CryptoQuant has warned that the recent rebound is only a short-term rally in a bear market, with a bull market score of only 10 points. The US stock market has declined across the board, and the crypto market is also under pressure. The future trend depends on whether spot demand turns positive. There are multiple scenarios in the market, including possible sideways consolidation or a drop to the $56,000-$60,000 support zone. Ethereum has shown relative strength in this wave of market movement, but if Bitcoin continues to decline, its support levels will need to be observed.
動區BlockTempo58m ago
Bitcoin Reclaims $70K As ETF Flows Stabilize and Selling Pressure Eases
Glassnode reports that Bitcoin's ETF flows are stabilizing after outflows, coinciding with a price rebound above $70,000. Healthy inflows into ETFs indicate a cautious optimism among institutions, but macro risks persist, necessitating continued monitoring of market trends.
BlockChainReporter1h ago
Culper Research announces short positions on ETH and related securities, claiming that Fusaka's upgraded token economic model has been damaged
Short-selling firm Culper Research announced that it is shorting Ethereum and related securities, believing that the Fusaka upgrade in 2025 will harm the ETH tokenomics model. The upgrade resulted in a larger-than-expected decrease in Gas fees, and on-chain data shows that the growth in active addresses and transaction volume is driven by low-value transactions. Culper believes Vitalik is aware of this and will continue to sell ETH, expecting ETH prices to decline further.
GateNews1h ago
