NAIROBI (CoinChapter.com)— Ethereum price reclaimed the $1,800 level 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 came amid ETF inflows, whale accumulation, and growing belief in a new altcoin season.
Ethereum Price Eyes $2,000 After Whale Bets, ETF Flows
Ethereum (ETH) rose to $1,796 at press time, hitting a two-week high. Whale trades pushed its daily volume up 73%, per Lookonchain. One whale, who previously lost $40 million during the Apr. 9 crash, returned to buy 19,973 ETH at $1,740 using 34.75 million USDT borrowed from Aave.
Another address withdrew 5,531 ETH—worth nearly $9.8 million—from Binance, signaling long-term confidence.
Source: X
The rally also followed a $38.74 million net inflow into Ether ETFs on Apr. 22, the first in 10 days. Technical signals supported the recovery. ETH broke out of a descending channel, with RSI at 54.75 and MACD flashing green. Popular trader Christiaan set a $2,690 target.
Source: Ash Crypto/X
Ash Crypto claimed ETH “is about to explode,” while Rekt Capital highlighted a bounce in ETH dominance from the 2019 lows.
However, the $2,000 barrier remains key. Ethereum must maintain momentum as Bitcoin inches closer to the $100,000 psychological mark to attract broader altcoin flows.
Dogecoin Targets Breakout on ETF Speculation, Whale Buys
Dogecoin (DOGE) traded at $0.182, up 1.9% on the day. The memecoin’s breakout came after forming a “Golden Cross” and breaking above a falling wedge structure. The RSI sits at 60.30, with the price pushing toward a key resistance around $0.20.
DOGE/USD 1-day price chart. Source: TradingView
Speculation over a spot DOGE ETF gained momentum after Paul Atkins assumed the role of U.S. Securities and Exchange Commission Chair. Grayscale and Rex-Osprey have filed for a spot DOGE ETF, raising market expectations.
On-chain data from Santiment shows accumulation by wallets holding between 100 million and 1 billion DOGE. This group has steadily grown in recent weeks. Meanwhile, macro signals—such as a weakening U.S. economy—are also favoring crypto assets. The International Monetary Fund projects U.S. GDP to slow to 1.8% this year, potentially triggering Federal Reserve rate cuts. Historically, DOGE has benefited during such easing cycles.
If DOGE clears the $0.20–$0.21 range, a move toward $0.30 becomes plausible, supported by whale demand and macro tailwinds.
XRP Flashes Bullish Pattern, Sets Eyes on $3.50 Target
XRP surged 2.5% to $2.26, forming the final wave of a five-part Elliott structure. The token broke out of a symmetrical triangle, with RSI at 58.61. The breakout projected a 60% move from the $2.25 region to nearly $3.60, per Fibonacci extensions.
XRP/USD 1-day price chart. Source: TradingView
The ascending triangle and wave pattern point to bullish continuation. Key resistance lies at $2.58 and $2.87, based on previous retracement levels. If bulls maintain momentum, XRP could retest the 2025 high of $3.56.
Traders reacted strongly to the breakout, with crypto sentiment on X turning bullish. Technical trader Ali Martinez flagged the structure, calling it a potential springboard for a larger move. The altcoin also benefits from capital rotation narratives if Bitcoin dominance stalls near its yearly open.
Overall, XRP’s technical structure stands out amid broader market optimism, but price confirmation above $2.60 remains essential for continuation.
