Ethereum (ETH) Market Update
Current Price: $2,566
Ethereum has shown strong bullish momentum, currently holding above the key $2,500 support level. After breaking out of a cup and handle pattern earlier this month, ETH has surged nearly 47%, outperforming Bitcoin.
Key Levels:
Support: $2,500 (must hold for continued bullish bias)
Next Target: $3,000
Mini Target: $2,850
Stop Loss Trigger: Closing below $2,500 for 2 consecutive days could signal a pullback towards $2,200 or even $2,000.
As long as ETH maintains above $2,500, the upside target remains at $3,000.
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Pepe (PEPE) Market Update
Current Price Zone: ~1,442
Pepe is in a steady uptrend, forming an ascending triangle with a projected target at 1,625. The trend line support has been retested, providing an optimal entry zone.
Trade Setup:
Entry Zone: Near current price at 1,442 (on trend line support)
Target 1: 1,600
Target 2: 1,625 (triangle breakout target)
Stop Loss: 1,410
Trend Watch:
3 white soldiers candlestick pattern indicates continuation.
A breakout above 1,600 could open doors to even higher levels, but expect a pullback near 1,600.
Watch for deeper retracement only if trend line is broken.
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Summary:
ETH looks bullish above $2,500, eyeing $3,000.
PEPE is set up for another leg higher toward 1,625, with an entry opportunity near 1,442 and stop loss at 1,410.
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