Bitcoin Surges to Monthly High: Ethereum, Solana, & Dogecoin Fuel Crypto Rally

Dogecoin, Solana, and Ethereum Surge as Bitcoin Hits Monthly High

According to Decrypt, the cryptocurrency market experienced significant gains, with Bitcoin reaching a monthly high above $91,600. As of the latest data, Bitcoin is trading at $94,316.00, while Ethereum stands at $1,794.32, and Solana at $152.52. Dogecoin, the original meme coin, jumped nearly 9% in the last 24 hours to $0.172, providing relief to holders after a decline from its three-year high of $0.48 in December. Ethereum also saw a notable increase, rising almost 8% on the day to $1,703, despite having fallen 15% over the last 30 days and 47% since the previous year. Solana is trading at about $145, just a dollar short of its monthly high, and has rebounded 37% over the past two weeks. XRP is up 3% to $2.15.

Other altcoins showing strong performance include Sui (SUI) with an 11% jump, Fartcoin with a 20% increase, and Immutable (IMX) with a 16% spike. Bitcoin itself is up 4.6% on the day, now more than 8% higher on the week and 18% over the past 14 days. Crypto liquidations reached $347 million in the past day, with $255 million from short positions. Bitcoin accounted for $142 million of these liquidations, and Ethereum for $90 million. The market's positive momentum is attributed to optimism over easing trade tensions between the US and China.

Coin	Price	24h Change
Bitcoin (BTC)	$94,316.00	+4.6%
Ethereum (ETH)	$1,794.32	+8%
Solana (SOL)	$152.52	+6%
Dogecoin (DOGE)	$0.182977	+9%
XRP	$2.30	+3%

"Dogecoin, the original meme coin, has jumped by nearly 9% over the last 24 hours to a current price of $0.172." – Decrypt

Bitcoin and major altcoins are experiencing strong gains.
Crypto liquidations total $347 million in the past day.
Market optimism is linked to potential easing of US-China trade tensions.

Infobox: Bitcoin, Ethereum, Solana, and Dogecoin all posted significant daily gains, with Bitcoin reaching its highest price since early March and altcoins outperforming in percentage terms. (Source: Decrypt)

Ethereum Bounces from Key Support, Eyes $2,000 Resistance

Crypto News reports that Ethereum recently found support at the $1,550 level after a steep sell-off, resulting in a sharp 10% bounce. However, the move lacks strong volume, and the broader bearish market structure remains intact. The $2,000 resistance is identified as critical for breaking the bearish trend and confirming a higher high. If Ethereum fails to reclaim $2,000, the probability of a return to range lows near $800 increases.

Ethereum bounced 10% from daily support at $1,550.
The $2,000 resistance is crucial for a bullish reversal.
Failure to break $2,000 could see price action return to $800 support.

The sustainability of the bounce depends on follow-through and volume. A confirmed break above $2,000 would reset the market structure toward a bullish direction. Otherwise, the recent rally may be just another lower high in the ongoing downtrend.

Infobox: Ethereum's recovery from $1,550 is promising, but a break above $2,000 with strong volume is needed for a true trend reversal. (Source: Crypto News)

Analyst: Ethereum at $9,200, XRP at $5,800, and Solana at $3,400 Is Not Possible

According to TradingView, Bitcoin maximalist and JAN3 CEO Samson Mow challenged the perception of altcoin value by applying Bitcoin’s supply model to Ethereum, XRP, and Solana. He calculated that if these altcoins had the same 21 million supply cap as Bitcoin, their prices would be $9,200 for Ethereum, $5,800 for XRP, and $3,400 for Solana. Mow argues that these figures are unrealistic given the current prices and supplies, highlighting the impact of unit bias on investor psychology.

At the time of writing, Bitcoin is trading at $88,530 (up 1.3% in 24 hours), Ethereum at $1,620 (down 1.5%), Solana at $140 (down 0.5%), and XRP at $2.09 (down 1.63%). Mow’s analysis suggests that Bitcoin’s scarcity and fundamentals make it a stronger long-term asset compared to altcoins, despite some analysts predicting an upcoming altcoin season.

Asset	Hypothetical Price (21M Supply)	Current Price
Ethereum	$9,200	$1,620
XRP	$5,800	$2.09
Solana	$3,400	$140

"Given the current price of Ethereum, Solana, and XRP, these figures are unrealistic and reveal how much of the altcoin appeal is driven by unit bias rather than actual value." – TradingView

Infobox: Analyst Samson Mow highlights the unrealistic nature of high altcoin prices if they had Bitcoin’s supply, emphasizing Bitcoin’s dominance and scarcity. (Source: TradingView)

Ethereum Rallies 10% as CME Short Positions Decline

FXStreet reports that Ethereum gained 10% on Tuesday, rising above $1,700 for the first time since April 6. The rally followed a drop in the Ethereum CME basis from 20% in November 2024 to around 5% in April 2025. This decline was driven by arbitrageurs covering short positions after Trump's tariffs triggered a market plunge. Ethereum CME short positions fell below $500 million for the first time in 2025, and US spot ETH ETFs’ net outflows are nearing $1 billion, with total net assets dropping to an all-time low of $5.21 billion.

Ethereum saw $91.62 million in futures liquidations in the past 24 hours, with $35.73 million from long positions and $55.90 million from shorts. The price bounced off a descending trendline and surpassed the $1,688 resistance. However, if ETH fails to hold $1,688 as support, it could continue its downside consolidation. Technical indicators such as RSI, AO, and Stoch are moving upward, with Stoch entering the overbought region.

Ethereum price today: $1,750
CME basis dropped from 20% to 5% (Nov 2024–Apr 2025)
ETH CME short positions below $500 million
US spot ETH ETFs’ net assets at $5.21 billion
$91.62 million in ETH futures liquidations (24h)

Infobox: Ethereum’s 10% rally is linked to a sharp decline in CME short positions and ETF outflows, but the market remains cautious as technical resistance levels are tested. (Source: FXStreet)

Ethereum Approves Crucial Upgrade: EIP-7907

As reported by U.Today, Ethereum has approved EIP-7907, a significant upgrade that increases the smart contract size limit to 256 kB, more than 10 times the previous limit. This change is expected to be included in the Fusaka hardfork, tentatively scheduled for late Q4 2025. The new EIP introduces a gas cost of two gas per word for contract code exceeding 24 kB, allowing for larger contracts while preventing denial-of-service attacks through appropriate gas metering.

The upgrade is designed to improve the developer experience by removing restrictions on contract size, thus enabling more complex and legitimate use cases for the Ethereum blockchain. The Prague-Electra (Pectra) hardfork is also in testing, with mainnet activation expected in May 2025.

EIP-7907 increases contract size limit to 256 kB
Gas cost of two gas per word for code above 24 kB
Fusaka hardfork expected in late Q4 2025
Pectra mainnet activation expected in May 2025

Infobox: Ethereum’s EIP-7907 upgrade will allow much larger smart contracts, enhancing developer capabilities and network utility. (Source: U.Today)

Ethereum Sees Sharp Spike in New Adoption Rate

According to Bitcoinist.com, Ethereum’s new user adoption rate surged to 40% last week, as reported by IntoTheBlock. This increase comes despite ongoing price volatility and bearish monthly performances. The uptick in new users signals robust interest in Ethereum’s technology and real-world utility, potentially paving the way for increased demand and upward price movement.

Recent proposals from Ethereum founder Vitalik Buterin, such as replacing the Ethereum Virtual Machine (EVM) with RISC-V, have also contributed to renewed optimism among institutional and retail investors. The upgrade aims to modernize the network’s execution layer, improve scalability, and lower costs, which could help Ethereum reach new all-time highs. Market expert Trader Tardigrade predicts that ETH could hit $10,000 this cycle, based on historical trend analysis.

Ethereum’s new user adoption rate: 40% (last week)
Vitalik Buterin proposes RISC-V upgrade for EVM
Analyst predicts ETH could reach $10,000 this cycle

Infobox: Ethereum’s network is experiencing a surge in new user adoption, with major upgrades and bullish long-term price predictions fueling optimism. (Source: Bitcoinist.com)

Janover Buys More Solana, Rebrands as DeFi Development Corp.

Decrypt reports that Nasdaq-listed real estate tech firm Janover has rebranded to DeFi Development Corporation, reflecting its commitment to crypto. The company added 88,164 SOL to its treasury on Monday, bringing its total Solana holdings to 251,842 SOL, valued at over $37 million. Shares of the company rose 14% on the day and are up 824% year-to-date, trading at $44.86.

The company’s new strategy includes making digital assets the principal holding in its treasury reserve, following a $42 million convertible note offering. The rebranding and Solana purchases signal a major pivot toward decentralized finance and crypto-native capital allocation.

Janover rebrands to DeFi Development Corporation
Added 88,164 SOL, total holdings: 251,842 SOL ($37M+)
Shares up 14% today, 824% year-to-date
$42 million raised via convertible notes

Infobox: Janover’s transformation into DeFi Development Corporation and substantial Solana holdings highlight growing institutional interest in crypto assets. (Source: Decrypt)

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