The crypto market has started the month of May on a bullish note

The crypto market has started the month of May on a bullish note, with Bitcoin (BTC) and other altcoins experiencing gains.

May has begun on a bullish note, with Bitcoin (BTC) and other altcoins in the green. As the crypto market saw a 2.95% increase with $79.44 billion in trading volume, the crypto space is back in the green.

May has begun on a bullish note, with Bitcoin (BTC) and other altcoins in the green. As the crypto market saw a 2.95% increase with $79.44 billion in trading volume, the crypto space is back in the green.

Following this, today's Bitcoin (BTC) price has crossed the $97,000 mark for the first time since February 4, 2025.

Here are 3 potential altcoins that are the talk of May 2025!

Ethereum (ETH)

Ethereum (ETH) price has today managed to cross the $1,800 mark with an intraday surge of 5.81% and trading volume of $15.78 billion, up 6.45%. Although it is currently trading at a 44% discount this year, it shows great possibilities for a strong bullish reversal.

With a valuation of $225.37 billion, the ETH token's dominance has risen to 7.37%.

The Simple Moving Average (SMA) continues to favor the Ethereum (ETH) price chart in the daily time frame. On the other hand, the Relative Strength Index (RSI) indicator continues to move toward the overbought range. This signals a bullish outlook for the altcoin in the coming time.

If the ETH coin price manages to maintain a value above the $1,800 mark, it could lead to its upper resistance level of $2,400 this month. Conversely, in the event of a bearish reversal, the Ethereum (ETH) token price could fall to its lower support level of $1,500.

Arbitrum (ARB)

Arbitrator (arb)

Arbitrator (arb)

Despite increased volatility, Arbitrum (ARB) price has shown consolidating price action over the past few weeks. However, today it has added over 5% to its portfolio, indicating a strong bullish reversal.

With a Year-to-Date (YTD) Return of -52.78%, this altcoin has a high probability of recording a strong bounce back in the near future.

SMA & RSI technical indicators have shown an increase in the positive outlook. Given the current market statistics, this altcoin could gain huge traction this month and potentially test its upper price target.

If Arbitrum (ARB) price manages to break out of the crucial resistance level of $0.3675, it could lead to its upper price target of $0.60. However, if the bullish rally fails, ARB crypto price could test its crucial support level of $0.2625.

Sui (SUI)

On (SUL)

On (SUL)

Beginning April at $3.34, the price of Sui (SUI) has shown a strong bullish reversal. As reported, the altcoin has risen about 50% in 30 days, making it one of the month's best-performing assets.

Beginning April at $3.34, the price of Sui (SUI) has shown a strong bullish reversal. As reported, the altcoin has risen about 50% in 30 days, making it one of the month's best-performing assets.

Moreover, with a market capitalization of $12.38 billion, it has secured the 11th position in the crypto space.

The Relative Strength Index (RSI) has crossed the oversold range and continues to trade above it. Furthermore, the average trend line shows similar action, indicating a significant increase in buying versus selling for this altcoin in the crypto space.

If the market favors the bulls, the price of Sui coin (SUI) could be setting to test a multi-month high of $5. Recently, asset management firm 21Shares filed an SUI ETF with the U.S. SEC, fueling optimism around a further price surge.