- Bitcoin has reclaimed the $70,000 level with a 4.5% gain in 24 hours, helping restore confidence across the broader crypto market amid easing Iran conflict fears.
- ASTER ranks as the second-largest perpetual trading protocol by volume with $2.20B open interest and $78.57B in 30-day volume, trailing only Hyperliquid.
- ASTER's chart is mirroring Ethereum's bullish fractal pattern from mid-2025, which led to an 83% rally after a similar 50% correction and recovery above the 50-day moving average.
- ASTER is currently trading in a potential accumulation range between $0.66 and $0.77, resembling the early stage of the Power of Three structure that preceded Ethereum's major breakout.
In a notable rebound amid easing fears surrounding the ongoing conflict with Iran, Bitcoin (BTC) has reclaimed the psychologically significant $70,000 level, trading near $70K as of March 10. The move marks a 4.5% gain in the past 24 hours, helping restore confidence across the broader crypto market.
Following Bitcoin’s recovery, several altcoins have also started turning green again — including Aster (ASTER), which is attracting growing attention from traders due to strong derivatives activity and a potentially bullish technical setup.
ASTER is currently up by 20% on the monthly timeframe, while maintaining a strong position among the top perpetual trading protocols by volume. The upcoming Aster Chain mainnet launch and an emerging fractal structure on the chart are further fueling speculation that a larger move may be approaching.
ASTER Ranks Among Top Perpetual Volume Protocols
Recent data from DefiLlama shows that Aster continues to rank among the top protocols by perpetual trading volume.
The data indicates:
- Hyperliquid: $5.99B open interest with $174.21B 30-day volume
- Aster: $2.20B open interest with $78.57B 30-day volume
Maintaining such high derivatives activity suggests that institutional traders and large participants remain actively engaged with the protocol, which can often precede increased volatility and larger price movements.
High open interest also reflects strong market participation, which can amplify price momentum when a clear directional trend begins to form.
ASTER Mirrors Ethereum (ETH) Bullish Structure
A closer look at the daily chart suggests that ASTER may be following a fractal pattern similar to Ethereum’s price action in mid-2025.
Back in June 2025, Ethereum experienced a sharp capitulation of roughly 50%, falling below key support levels before eventually reclaiming the 50-day moving average. That reclaim marked the beginning of a Power of Three (AMD) structure, which consists of three phases:
- Accumulation
- Manipulation
- Distribution
After forming the accumulation range and briefly dipping into the manipulation phase, Ethereum eventually broke out and rallied approximately 83%, entering the distribution phase as momentum accelerated.
ASTER Appears to Be Following the Same Script
ASTER’s chart now appears to be showing a very similar setup.
After experiencing a nearly 50% correction earlier this year, the token managed to stage a strong rebound and reclaim its 50-day moving average, which is often viewed as an early signal of trend recovery.
Currently, ASTER is trading inside a potential accumulation range between $0.66 and $0.77, closely resembling the early stage of the Power of Three structure seen in Ethereum’s previous rally.
This sideways consolidation typically represents a period where larger players accumulate positions before the next directional move.
What’s Next for ASTER?
If the fractal structure continues to develop, ASTER could still experience a temporary move into the manipulation phase, which might involve a short-term dip toward the $0.60 region.
Such moves often occur to liquidate leveraged positions and collect liquidity before a stronger breakout attempt.
From there, a decisive breakout could push the token into the distribution phase, potentially driving the price above the $1.00 level if bullish momentum strengthens.
However, it is important to note that fractal patterns are not guarantees, and market conditions, liquidity, and broader crypto sentiment will ultimately determine whether this setup fully plays out.
For now, traders are closely watching ASTER’s consolidation zone, as a confirmed breakout could signal the start of a much larger trend similar to Ethereum’s previous rally.
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