Pepe Price Potential if Ethereum Climbs to $2,500

Pepe Coin has surged over the past weeks, gaining over 70% from monthly lows and approaching $0.000010 resistance. If Ethereum breaks through to $2,500, Pepe may also rise significantly, with targets set at $0.00001072 and potentially $0.000014. Technical analysis shows a bullish trend for both Ethereum and Pepe Coin.

Pepe Coin has shown impressive performance recently, enjoying a three-week upward trend. This ascent could continue should Ethereum stage a breakout. Last week, Pepe approached a crucial resistance level at $0.000010, soaring more than 70% from its monthly lows. This piece dives into potential price trajectories for Pepe if Ethereum rises to $2,500.

Speaking of Ethereum’s technical sitch, analyses indicate that ETH might be gearing up for a strong bullish breakout shortly. The daily chart depicts a large falling wedge pattern where the converging lines suggest momentum could shift soon. Importantly, Ethereum has climbed above the upper boundary of that wedge, bolstering a bullish sentiment. Additionally, it has surpassed the 25-day Exponential Moving Average (EMA), signalling that bullish control is in effect. It’s also eyeing a move past the 50-day moving average.

ETH has recently formed a small bullish flag pattern—further evidence of potential growth. Analysts suggest there’s a good chance for ETH to continue its upward trajectory, setting an initial target at the robust psychological level of $2,000. The next milestone to watch could be $2,120, which corresponds to the neckline of a larger triple-top pattern noted at $4,100 on the weekly chart. A successful breakout could see ETH pushing towards that $2,500 mark.

Now, what about Pepe’s price if ETH does hit that impressive $2,500 target? Historically, meme coins tend to ride the coattails of their respective chain’s performance. A recent example would be Solana, where meme coins like Bonk and Pudgy Penguins thrived alongside its price surge. On Pepe’s daily chart, recent price activity shows a bounce back, particularly following a double-bottom formation at $0.000005740 earlier this month. Currently, it’s lingering at the neckline of that pattern.

As Pepe Coin has passed above its 25-day moving average, things are looking promising. Furthermore, with its double-bottom pattern coalescing at around $0.0000058, its neckline at $0.00002840 offers a crucial benchmark. This trajectory suggests that Pepe might first aim for the 23.6% Fibonacci Retracement level at $0.00001072—a 20% rise on its current price looks plausible. If it breaks through that, there could be even more upward potential, with aspirations hitting around $0.000014, which would equate to nearly 60% growth.