PEPE Price Analysis

The price of PEPE coin experienced an uptick over the weekend, driven by positive hints from the SEC Chair regarding the potential approval of spot Ethereum ETF S-1s by the end of summer.

PEPE 价格分析 PEPE 代币的价格在周末出现上涨，受到 SEC 主席关于夏末现货以太坊 ETF S-1 可能获得批准的积极暗示的推动。

On Monday, the price hovered around $0.0000118 during European trading hours, marking a 1.4% increase over the previous 24 hours. This renewed bullish momentum could propel PEPE towards its previous all-time high.

周一欧洲交易时段，价格徘徊在 0.0000118 美元附近，较前 24 小时上涨 1.4%。这种新的看涨势头可能会推动 PEPE 升至之前的历史高点。

Potential 63% Breakout

On May 21, PEPE broke out of an ascending triangle and established a new all-time high. However, profit-taking by investors led to a retracement to $0.00001057.

潜在63%突破5月21日，PEPE突破上升三角形，创下历史新高。然而，投资者的获利了结导致价格回撤至 0.00001057 美元。

After a month of downward movement, PEPE found support at a critical resistance level. Such support levels often provide strong support for price stability.

经过一个月的下行走势后，PEPE 在关键阻力位找到支撑。这样的支撑位通常为价格稳定提供强有力的支撑。

Bullish Market Structure

PEPE's price is currently within a falling wedge, a bullish market structure. This, combined with the alignment with the 0.786 Fibonacci retracement level, suggests a potential rebound.

看涨的市场结构PEPE 的价格目前处于下降楔形内，这是看涨的市场结构。再加上与 0.786 斐波那契回撤位的对齐，表明潜在的反弹。

A breakout above the wedge could trigger a surge towards the previous all-time high. Based on the 0.27 Fibonacci extension level, PEPE could potentially rise 63% to around $0.00001948.

突破楔形可能会引发价格飙升至之前的历史高点。基于 0.27 斐波那契扩展水平，PEPE 可能上涨 63% 至 0.00001948 美元左右。

Future Outlook

Historically, PEPE's price has tracked Ethereum, and this trend has continued recently. The positive news regarding Ethereum ETF approval has contributed to the bullish sentiment for both Ethereum and PEPE.

未来展望从历史上看，PEPE的价格一直追随以太坊，并且这种趋势最近仍在延续。有关以太坊 ETF 获批的积极消息推动了以太坊和 PEPE 的看涨情绪。