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 价格在市场动荡中波动 由于以太坊在突破关键水平方面面临阻力，Pepe Coin 的价格斗争仍在继续。这两种加密货币之间的相关性很强，以太坊最近 5.6% 的下跌严重影响了 PEPE 的增长。

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.

以太坊鲸鱼的觉醒蒙上阴影 休眠鲸鱼的觉醒给以太坊价格带来了更大的压力。 Spot Onchain 检测到鲸鱼正在转移其持有的 16,636 ETH，这可能预示着即将到来的抛售。这可能会进一步阻碍价格上涨至 4,000 美元，由于围绕即将到来的 Pectra 升级的分歧，该价格已经面临阻力。

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.

与以太坊的相关性削弱前景根据 IntoTheBlock 的数据，佩佩币与以太坊之间的相关系数为 0.81。这意味着佩佩币的价格很大程度上受到以太坊价值的影响。下图说明了 4 小时内价格变动的相关性。

[Image of PEPE and ETH price movements]

[PEPE和ETH价格走势图]

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 价格对以太坊的走势反应更大，使其容易受到 ETH 价值急剧下跌的影响。过去 24 小时内，PEPE 下跌 6.9%，徘徊在看跌延续模式附近。

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 的下降趋势和潜在逆转 在其 4 小时图表上，Pepe Coin 自 5 月份以来一直在下降阻力趋势线内交易。下跌趋势尚未出现任何重大逆转迹象。此外，该资产正接近下降三角形的末端，这是看跌的延续模式。

[Image of Pepe Coin price chart]

[佩佩币价格图表图片]

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 美元之间有一个支撑区域，而阻力位于 0.00000800 美元。突破趋势线可能预示着潜在的逆转。

FAQs

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

常见问题解答1.佩佩币和以太坊之间有什么关联？

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

佩佩币的价格与以太坊密切相关，这意味着它往往朝同一方向波动。

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

2. 价值 3800 万美元的 ETH 鲸鱼抛售对 Pepe Coin 有何影响？

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.

如果鲸鱼抛售他们的 ETH，可能会导致以太坊价格急剧下跌，由于它们的相关性，这将对 Pepe Coin 产生负面影响。

3. Is there hope for a PEPE price rebound?

3. PEPE价格有反弹的希望吗？

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.

为了使 PEPE 反弹，以太坊需要稳定或上涨，而 PEPE 必须突破其下降趋势线。此外，避免鲸鱼大规模抛售 ETH 将降低价格急剧下跌的直接风险。

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.

免责声明：本文提供的信息仅供参考，不应被视为财务或投资建议。在做出任何财务决定之前，请先进行自己的研究。