#ReboundRally $PEPE

current situation pepe also Rising again.

How High Will Pepe Coin Price Get If Ethereum Surges To $5,000?

Explore why the Pepe Coin price is edging closer to a breakout and how Ethereum price hitting $5,000 affects PEPE, a frog-based meme coin.

Pepe Coin is one of the best-performing cryptocurrencies this year as it soared by over 2,340% from its January lows. Recently, however, it has lagged other large coins like Bitcoin and AAVE that have soared by double digits. PEPE has dropped by 17% from the highest point this year, but its price fractal imitates that of the early 2024 consolidation that led to the 2,340% rally.

A potential catalyst for Pepe price is the performance of Ethereum, the second-biggest crypto in the world. As mentioned above, PEPE is built on the Ethereum blockchain and is considered the mascot of ETH. Although ETH underperfomed in the first half of 2024, it has shown strength recently. In an X post, Max, a crypto analyst with over 63,000 followers, noted that the coin will have a strong bullish breakout if Ethereum moves above $4,000.

Pepe coin price is likely to do well if Ether surges because it is the second-biggest meme coin in its ecosystem after Shiba Inu.