The cryptocurrency market is showing steady growth, with Ethereum and the memecoin Pepe taking leading positions. Especially interesting are the analogous growth trends and patterns appearing on charts.
Ethereum Sets the Tone
Ethereum (ETH) has risen 23% in the past week and is currently trading around $3,700. This strong growth positively affects other cryptocurrencies, including memecoins.
Pepe's Growth Potential
Pepe (PEPE) has risen 10% this week, with 30-day gains reaching 33%. Traders are focusing on the bullish pattern forming on the chart, signaling potential further growth.
Pepe's Future Prospects
If Pepe can close and hold above the 0.382 Fibonacci level ($0.00001409), it could trigger a rally above the 0.786 level ($0.000024), representing a 77% gain. If the pattern fully plays out, PEPE may even retest its previous all-time high near $0.00002837.
Current trends in the cryptocurrency market, particularly the growth of Ethereum and Pepe, show that traders are closely monitoring further developments. Positive technical patterns create conditions for possible new highs.
