NAIROBI (CoinChapter.com)— Ethereum price reclaimed the $1,800 degree on Apr. 23, rising over 11% in 24 hours. Bitcoin traded above $93,000, with altcoins like XRP and Dogecoin reacting sharply. The market-wide spike got here amid ETF inflows, whale accumulation, and rising perception in a brand new altcoin season.
Ethereum Value Eyes $2,000 After Whale Bets, ETF Flows
Ethereum (ETH) rose to $1,796 at press time, hitting a two-week excessive. Whale trades pushed its day by day quantity up 73%, per Lookonchain. One whale, who beforehand misplaced $40 million throughout the Apr. 9 crash, returned to purchase 19,973 ETH at $1,740 utilizing 34.75 million USDT borrowed from Aave.
One other handle withdrew 5,531 ETH—value practically $9.8 million—from Binance, signaling long-term confidence.
The rally additionally adopted a $38.74 million internet influx into Ether ETFs on Apr. 22, the primary in 10 days. Technical alerts supported the restoration. ETH broke out of a descending channel, with RSI at 54.75 and MACD flashing inexperienced. Widespread dealer Christiaan set a $2,690 goal.
Ash Crypto claimed ETH “is about to explode,” whereas Rekt Capital highlighted a bounce in ETH dominance from the 2019 lows.
Nonetheless, the $2,000 barrier stays key. Ethereum should keep momentum as Bitcoin inches nearer to the $100,000 psychological mark to draw broader altcoin flows.
Dogecoin Targets Breakout on ETF Hypothesis, Whale Buys
Dogecoin (DOGE) traded at $0.182, up 1.9% on the day. The memecoin’s breakout got here after forming a “Golden Cross” and breaking above a falling wedge construction. The RSI sits at 60.30, with the price pushing towards a key resistance round $0.20.
Hypothesis over a spot DOGE ETF gained momentum after Paul Atkins assumed the function of U.S. Securities and Change Fee Chair. Grayscale and Rex-Osprey have filed for a spot DOGE ETF, elevating market expectations.
On-chain knowledge from Santiment reveals accumulation by wallets holding between 100 million and 1 billion DOGE. This group has steadily grown in current weeks. In the meantime, macro alerts—comparable to a weakening U.S. financial system—are additionally favoring crypto property. The Worldwide Financial Fund initiatives U.S. GDP to gradual to 1.8% this 12 months, probably triggering Federal Reserve price cuts. Traditionally, DOGE has benefited throughout such easing cycles.
If DOGE clears the $0.20–$0.21 vary, a transfer towards $0.30 turns into believable, supported by whale demand and macro tailwinds.
XRP Flashes Bullish Sample, Units Eyes on $3.50 Goal
XRP surged 2.5% to $2.26, forming the ultimate wave of a five-part Elliott construction. The token broke out of a symmetrical triangle, with RSI at 58.61. The breakout projected a 60% transfer from the $2.25 area to almost $3.60, per Fibonacci extensions.
The ascending triangle and wave sample level to bullish continuation. Key resistance lies at $2.58 and $2.87, based mostly on earlier retracement ranges. If bulls keep momentum, XRP might retest the 2025 excessive of $3.56.
Merchants reacted strongly to the breakout, with crypto sentiment on X turning bullish. Technical dealer Ali Martinez flagged the construction, calling it a possible springboard for a bigger transfer. The altcoin additionally advantages from capital rotation narratives if Bitcoin dominance stalls close to its yearly open.
General, XRP’s technical construction stands out amid broader market optimism, however price affirmation above $2.60 stays important for continuation.