Pepe Coin Price Falters Amidst Market Turmoil

Pepe coin's price struggles have continued as Ethereum faces resistance in breaking above key levels. The correlation between the two cryptocurrencies is strong, and Ethereum's recent 5.6% slide has weighed heavily on PEPE's growth.

Pepe Coin 價格在市場動盪中波動 由於以太坊在突破關鍵水平方面面臨阻力，Pepe Coin 的價格鬥爭仍在繼續。這兩種加密貨幣之間的相關性很強，以太幣最近 5.6% 的下跌嚴重影響了 PEPE 的成長。

Ethereum Whale's Awakening Casts Shadow

Adding to the pressure on Ethereum's price is the awakening of a dormant whale. Spot Onchain detected the whale moving its 16,636 ETH holdings, potentially signaling an upcoming sell-off. This could further hamper the price rally towards $4,000, which was already facing resistance due to division surrounding the upcoming Pectra upgrade.

以太坊鯨魚的覺醒蒙上陰影 休眠鯨魚的覺醒給以太坊價格帶來了更大的壓力。 Spot Onchain 偵測到鯨魚正在轉移其持有的 16,636 ETH，這可能預示著即將到來的拋售。這可能會進一步阻礙價格上漲至 4,000 美元，由於圍繞即將到來的 Pectra 升級的分歧，該價格已經面臨阻力。

Correlation with Ethereum Dampens Prospects

According to IntoTheBlock, the correlation coefficient between Pepe coin and Ethereum is 0.81. This means that Pepe coin's price is highly influenced by Ethereum's value. The chart below illustrates the correlation in their price movements over a 4-hour period.

與以太坊的相關性削弱前景根據 IntoTheBlock 的數據，佩佩幣與以太坊之間的相關係數為 0.81。這意味著佩佩幣的價格很大程度上受到以太坊價值的影響。下圖說明了 4 小時內價格變動的相關性。

[Image of PEPE and ETH price movements]

[PEPE與ETH價格走勢圖]

The PEPE price has reacted more резко to Ethereum's movements, making it vulnerable to sharp downturns in ETH's value. In the last 24 hours, PEPE has lost 6.9%, hovering near a bearish continuation pattern.

PEPE 價格對以太坊的走勢反應更大，使其容易受到 ETH 價值急劇下跌的影響。過去 24 小時內，PEPE 下跌 6.9%，徘徊在看跌延續模式附近。

Pepe Coin's Downtrend and Potential Reversal

On its 4-hour chart, Pepe coin has been trading within a descending resistance trendline since May. The downtrend has not yet shown any major signs of reversal. Additionally, the asset is approaching the end of a descending triangle, a bearish continuation pattern.

Pepe Coin 的下降趨勢和潛在逆轉 在其 4 小時圖表上，Pepe Coin 自 5 月以來一直在下降阻力趨勢線內交易。下跌趨勢尚未出現任何重大逆轉跡象。此外，該資產正接近下降三角形的末端，這是看跌的延續模式。

[Image of Pepe Coin price chart]

[佩佩幣價格圖表圖]

However, there is a support zone between $0.00000600 and $0.00000700, while resistance stands at 0.00000800. A breakout above the trendline could indicate a potential reversal.

然而，在 0.00000600 美元和 0.00000700 美元之間有一個支撐區域，而阻力位於 0.00000800 美元。突破趨勢線可能預示著潛在的逆轉。

FAQs

1. What is the correlation between Pepe Coin and Ethereum?

常見問題1.佩佩幣和以太坊之間有什麼關聯？

Pepe Coin's price is strongly correlated with Ethereum, meaning it tends to move in the same direction.

佩佩幣的價格與以太坊密切相關，這意味著它往往朝同一方向波動。

2. How could the $38M ETH whale's sell-off impact Pepe Coin?

2. 價值 3,800 萬美元的 ETH 鯨魚拋售對 Pepe Coin 有何影響？

If the whale dumps their ETH, it could lead to a sharp decline in Ethereum's price, which would negatively impact Pepe Coin due to their correlation.

如果鯨魚拋售他們的 ETH，可能會導致以太坊價格急劇下跌，由於它們的相關性，這將對 Pepe Coin 產生負面影響。

3. Is there hope for a PEPE price rebound?

3. PEPE價格有反彈的希望嗎？

For PEPE to rebound, Ethereum would need to stabilize or rise, and PEPE would have to break above its descending trendline. Additionally, avoiding a massive ETH sell-off by the whale would reduce the immediate risk of a sharp price drop.

為了使 PEPE 反彈，以太坊需要穩定或上漲，而 PEPE 必須突破其下降趨勢線。此外，避免鯨魚大規模拋售 ETH 將降低價格急劇下跌的直接風險。

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Do your own research before making any financial decisions.

免責聲明：本文提供的資訊僅供參考，不應被視為財務或投資建議。在做出任何財務決定之前，請先進行自己的研究。