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PEPE to the moon? Thank Spot Ethereum ETFs if that happens!
The post PEPE to the moon? Thank Spot Ethereum ETFs if that happens! appeared on BitcoinEthereumNews.com. PEPE’s prices will surge when Spot Ethereum ETFs start trading Metrics pointed to a balanced market with a slight bullish tilt Spot Ethereum ETFs have been finally approved in the United States. This significant milestone is expected to reshape institutional interest in the world’s largest altcoin, while also potentially affecting the market values of memecoins like PEPE. Here, a look at Bitcoin’s example is worth looking at. Within weeks of a Spot Bitcoin ETF being approved, the cryptocurrency climbed to its latest ATH on the charts. Not only that, but its surge affected other cryptos in the market too, altcoins and memecoins. In just 30 days, Spot bitcoin exchange-traded funds (ETFs) saw daily net inflows of about $125 million per day. Those kind of numbers were a positive precursor to the figures that followed in the months ahead for Bitcoin. PEPE was a beneficiary too. Investors rejoiced as PEPE surged by 86.56% in just 7 days of Spot BTC ETF’s approval. Something similar can be expected as Spot Ethereum ETFs start trading, perhaps more so since the altcoin is highly correlated to the likes of PEPE. That’s not all either as at press time, PEPE was ranging out after the breakout from its bullish flag on the charts. This part of consolidation usually indicates bullish continuation may be on the horizon. $0.0000015 seemed to be acting as a strong support level. PEPE has rejected this level several times, indicating that the level may set the stage for a potential bullish rally. Here, it’s worth noting that PEPE has a seasonal trend, a consolidation phase, followed by a subsequent impressive breakout and price rally. Given that the price recently broke out of a bullish flag, a significant price rally may be on the cards. Source: PEPE/USD, TradingView PEPE whales taking a…
The post PEPE to the moon? Thank Spot Ethereum ETFs if that happens! appeared on BitcoinEthereumNews.com.
PEPE’s prices will surge when Spot Ethereum ETFs start trading Metrics pointed to a balanced market with a slight bullish tilt Spot Ethereum ETFs have been finally approved in the United States. This significant milestone is expected to reshape institutional interest in the world’s largest altcoin, while also potentially affecting the market values of memecoins like PEPE. Here, a look at Bitcoin’s example is worth looking at. Within weeks of a Spot Bitcoin ETF being approved, the cryptocurrency climbed to its latest ATH on the charts. Not only that, but its surge affected other cryptos in the market too, altcoins and memecoins. In just 30 days, Spot bitcoin exchange-traded funds (ETFs) saw daily net inflows of about $125 million per day. Those kind of numbers were a positive precursor to the figures that followed in the months ahead for Bitcoin. PEPE was a beneficiary too. Investors rejoiced as PEPE surged by 86.56% in just 7 days of Spot BTC ETF’s approval. Something similar can be expected as Spot Ethereum ETFs start trading, perhaps more so since the altcoin is highly correlated to the likes of PEPE. That’s not all either as at press time, PEPE was ranging out after the breakout from its bullish flag on the charts. This part of consolidation usually indicates bullish continuation may be on the horizon. $0.0000015 seemed to be acting as a strong support level. PEPE has rejected this level several times, indicating that the level may set the stage for a potential bullish rally. Here, it’s worth noting that PEPE has a seasonal trend, a consolidation phase, followed by a subsequent impressive breakout and price rally. Given that the price recently broke out of a bullish flag, a significant price rally may be on the cards. Source: PEPE/USD, TradingView PEPE whales taking a…
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