The cryptocurrency market is showing signs of recovery amid improving geopolitical conditions. Ethereum continues to rise, while the situation with memecoin PEPE appears ambiguous.
Ethereum's Recovery
The cryptocurrency market is demonstrating positive changes due to easing tensions between Israel and Iran. Ethereum (ETH) has significantly recovered, rising from a recent low of $2,113 to above $2,450.
PEPE's Trends
Despite the overall market recovery, memecoin **Pepe (PEPE)** is trading in the red. However, familiar bullish fractal patterns are forming on charts, which may signal a powerful reversal in the future.
PEPE's Future
If the fractal plays out similar to before, PEPE may soon break its current downtrend and enter a new bullish cycle, potentially targeting former all-time highs in the $0.0000028 range. Bitcoin's performance will be key; if it maintains momentum and pushes above $112K, it could trigger a surge in other memecoins like PEPE.
In conclusion, the cryptocurrency market stands at a crossroads where Ethereum shows strength, while PEPE may potentially be preparing for a new growth phase, depending on Bitcoin's dynamics.
