Following a volatile weekend in the crypto markets, Ethereum and Dogecoin are resilient, emerging as some of the best cryptos to buy now as a follow-up to the flash crash. Strong fundamentals of Ethereum with institutional support and Dogecoin with long-term trendline defense imply both assets may be ready for a rebound. Although liquidations in the broader market have risen above $20 billion, investors are moving back to quality assets, indicating increased confidence.
Bhutan Anchors National Digital ID on Ethereum, ETH Price to Rally?
Bhutan officially started the process of migrating its National Digital Identity system off Polygon onto the Ethereum network, which would recalibrate the use of blockchain in the public sector. The process, which is projected to conclude at the beginning of 2026, will provide more than 800,000 Bhutanese citizens with reliable and decentralized access to identity verification via Ethereum infrastructure.
This advancement enhances the use of Ethereum as a blockchain of choice in enterprise and government-scale applications. Analysts forecast that it might add a new energy to ETH price, that is now trading at $4,100. Ethereum support is at $4,080, which coincides with major exponential moving averages (EMA) and a long-term trend line that has steered the asset since April.
ETHUSD 1-Day Chart | Source: TradingView
Maintaining this level could pave the way for a rebound toward $4,550 and possibly $4,800 if institutional inflows return.
On-chain data from Coinglass further reinforces this view, showing $112 million in ETH outflows, a signal of accumulation by long-term holders. This pattern, coupled with Bhutan’s adoption and growing tokenization initiatives, positions Ethereum as a cornerstone of the next wave of institutional crypto adoption.
Dogecoin Price Tests Two-Year Support Amid Volatility
The recent 60% flash crash of Dogecoin took the coin near its two-year rising level of support, a key area that has in the past provoked recoveries. Upon falling beneath the structure, DOGE surged back, creating an extensive bottom wick, which indicates interest in buying at lower prices. This response has traders monitoring the ability of momentum to continue as the market sentiment is going down.
More importantly, RSI is still under 50, and the MACD indicates a bearish crossover, meaning that sellers continue to dominate in the short run. Nevertheless, analysts observe that the long-term structure of Dogecoin is intact as long as it retains above its multi-year trendline. Any resurgence in Bitcoin or Ethereum would help a DOGE recovery toward $0.28 and $0.34.
Ethereum and Dogecoin Recovery Prospects
Ethereum and Dogecoin are good bets to recover as the market comes out of recent volatility. The fact that Ethereum was integrated with the national ID program in Bhutan adds its real-world utility, whereas the strength of Dogecoin implies the presence of an underrated upside in case the macro sentiment stabilizes.