How high can the price of Pepe if Ethereum increases to $ 5,000?

Pepe Coin has entered a bearish market this year after falling into 65% since its historical maximum.

PEPE (PEPE), the second meme coin of ethereum (eth) largest after Shiba Inu (Shib), has become the key support at $ 0.000010.

While its decline is aligned with the sale of broader cryptocurrencies, it is also influenced by the low performance of ethereum.

ethereum, the largest layer 1 block chain, has stayed behind other important blockchains such as bitcoin and Solana. It has fallen by 5% in the last 12 months, while bitcoin and Solana have increased by more than 70%.

ethereum has also lost market share in several sectors, including decentralized finances, memes and non -fungible tokens coins. This trend has affected many ethereum -based tokens, which have had a lower performance as investors change their focus on assets within the Solana ecosystem.

ethereum is likely to increase to $ 4,000, since the currency has formed an upward triangle pattern in the two -week table. This pattern is characterized by a horizontal resistance level and a diagonal trend line composed of higher and higher minimum ups and downs.

A strong bullish rupture will be confirmed if ethereum exceeds the resistance level of $ 4,000. A sustained rupture above this price could increase the probability that ETIA reaches $ 5,000 in the long term.

Technical Analysis of Pepe Price

A strong breakdown of ethereum can also lift Pepe and other ethereum -based tokens. The daily table suggests that Pepe is positioning for a significant bullish rupture.

Oscillators such as the percentage price oscillator and the relative force index have begun to form a bull divergence pattern. This divergence occurs when these oscillators tend up while the price of the asset remains in a bearish trend.

At the same time, Pepe is forming a pattern of bearish divergence, which consists of two convergent down trend lines. These lines approach their confluence level, a point where bullish outbreaks often occur.

The first key level to observe Pepe is the 200 -day mobile average at $ 0.00001351, which represents a 35% increase in its current price. Other profits could push Pepe towards their historical maximum of $ 0.000028, marking an increase of 175%.

However, if ethereum continues to weaken, Pepe could decrease even more, initially to $ 0.0000060 and then to $ 0.0000038, levels that marked their lower changes in August and April last year.