- Ethereum snapped a four-month downtrend, posting a 47% April gain and flipping the $2,516 zone into fresh weekly support.
- Dogecoin surged 18% off its base, reclaiming trendline support and setting sights on $0.28 resistance from 2022’s long-term structure.
- ETH’s rebound signals altcoin rotation, with rising liquidity clusters and volume favoring continuation above $2,200 this quarter.
Ethereum ended its four-month losing streak with a rapid bounce over $2,600, signaling a shift in momentum among top altcoins. Dogecoin came next with an 18% increase, breaking out of its consolidation base and reclaiming vital support.
ETH Flips Sentiment With First Green Month Since 2023
Ethereum gained 47.21% in April, recovering from a prolonged downtrend that spanned January to March. The move marked its first monthly close in the green since November 2023, reigniting discussions of an early altseason. “ETH is flipping the script,” noted Crypto Patel in a post celebrating the April close.
Dogecoin’s 18% surge coincided with ETH’s breakout, lifting its market cap above $35 billion. Traders interpreted the move as a macro rotation from Bitcoin dominance into mid-cap altcoins. Market depth increased, with liquidity clusters shifting to support upside continuation.
Ethereum Retests $2,516 Level After Macro Pullback
Ethereum reclaimed the $2,516.74 zone following a retest of the $2,159.69 level after a high of $4,250 earlier this year. According to the analysis by Rekt Capital, weekly closes above $2,200 historically ignite price expansion across the $2,200–$3,900 range. The $2,516 level now acts as support following a confirmed bounce.
The recovery follows ETH’s drop from $4,250 to $1,500 earlier in 2025, reversing a major rally. Price action suggests the previous resistance zone between $2,159 and $2,516 has flipped into a long-term support region. The weekly chart shows consistent defense of this zone since Q2 began.
DOGE Reclaims Trendline, Eyes $0.28 and Beyond
Dogecoin completed a three-drive reversal pattern above its $0.13–$0.20 base, breaking downward structure. A strong bounce from the FTR level confirmed trend reversal, and price now respects a long-term ascending trendline from 2022. Resistance is visible at $0.28, where the Kijun line and Kumo cloud intersect.
Volume spikes near recent lows suggest sustained accumulation, supporting bullish targets of $0.44 and $0.74. Ichimoku signals favor continuation, as narrowing cloud thickness hints at a future bullish crossover. Structural momentum holds as long as DOGE remains above $0.20.
