Pepe Price Prediction: Can Pepe Coin Hit $0.000014 if ETH Price Soars to $2500?

Pepe's price has performed well over the past few weeks, experiencing a rise for three consecutive weeks. This trend could persist if Ethereum experiences a breakout soon.

Pepe's price has performed well over the past few weeks, experiencing a rise for three consecutive weeks. This trend could continue if Ethereum experiences a breakout soon.

Pepe Coin approached the key resistance at $0.000010 last week and has jumped by over 70% from its monthly low.

This article explores how high Pepe may go if Ether soars to $2,500.

Ethereum Price Technical Analysis: Can it Hit $2,500?

Technical analysis suggests that the ETH price may be on the verge of a strong bullish breakout in the near term. It has formed a giant falling wedge chart pattern on the daily chart, and the two lines are about to converge.

Ethereum has already moved above the upper side of the falling wedge pattern, validating the bullish outlook. It has also moved above the 25-day Exponential Moving Average (EMA), indicating that bulls currently control the price. The ETH price is also attempting to move above the 50-day moving average.

Most notably, it has recently formed a small bullish flag chart pattern. Therefore, there is a possibility that the ETH price will continue increasing, with an initial target set at the significant psychological level of $2,000.

Subsequently, the next level to monitor is $2,120, which serves as the neckline of the larger triple-top pattern at $4,100 on the weekly chart. A breakout beyond this could lead to further gains, potentially reaching the psychological milestone of $2,500.

Read More: Ethereum Price ‘Doubled in Weeks’ The Last Time It Did This

Pepe Price Prediction if ETH Hits $2,500

Sometimes, meme coins in a specific chain tend to do well when the chain's token is performing well. For instance, the recent Solana price rally occurred as meme coins like Bonk, Dogwifhat, and Pudgy Penguins rallied.

The chart below shows that the price of Pepe has bounced back in the past few days. This recovery happened after the coin formed a double-bottom pattern at $0.000005740 earlier this month. It is currently trading above the neckline of this pattern.

The price of Pepe Coin has moved above the 25-day moving average. It has also formed a giant double-bottom pattern at $0.0000058, with the neckline at $0.00002840.

Therefore, the coin is likely to rise initially to the 23.6% Fibonacci Retracement level at $0.00001072, approximately 20% above its current value. Should it move above this level, further upside is expected, with the initial target set at $0.000014, marking an increase of nearly 60% from the current level.