• The altcoin oscillator has reached 38%, signaling a potential altseason if it surpasses 50%.
• Ethereum and Solana are showing bullish momentum, with targets of $3,250 and $230, respectively, if key resistance levels are broken.

The crypto market has started showing signs of life in May 2025, with Bitcoin’s dominance fluctuating while altcoins like Ethereum (ETH) and Solana (SOL) are beginning to make notable moves. As the altcoin oscillator climbs, there’s growing speculation that altseason might be on the horizon. This composite oscillator, which tracks a combined 30-day moving average, has reached 38%, signaling that altcoins could be primed for a breakout. Historically, a move beyond the 50% mark triggers a full altseason, and with just 12 percentage points to go, all eyes are now on how these altcoins perform in the coming weeks.

Ethereum’s price action has been particularly noteworthy. After bouncing off a key support level between $2,400 and $2,550, ETH has broken through important resistance at $2,300, showing bullish momentum. If Ethereum can maintain this momentum, the next significant resistance is seen between $2,700 and $2,800. A successful breach could push the price toward a target of $3,250. The technicals suggest that Ethereum’s bullish trend could continue as long as Bitcoin stays strong, potentially marking a new peak in the coming months.

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Solana, on the other hand, has faced a slight pullback but remains resilient. The price has found support near $167 to $168, with the next resistance level sitting around $179 to $180. A break above $180 could pave the way for Solana to challenge the $200 mark and beyond, with a potential target at $230. As long as key support levels hold, the bullish outlook for Solana remains intact.

As the altcoin oscillator inches closer to the critical 50% mark, traders and investors are watching for a potential surge. If this occurs, Ethereum’s price could easily soar towards $3,250, and Solana could push past $200, leading the charge for altseason. The coming weeks will be crucial in determining whether altcoins can maintain their momentum and whether Bitcoin’s dominance will continue to support the broader market rally.