Because of Bitcoin's cool-off, Ethereum is up against PEPE.
Find out why and who is winning! With their strong support floors, ETH/BTC and PEPE/BTC indicates that smart money is actively moving between these highly conviction configurations.
PEPE's price behavior, however, is pure volatility fuel; in less than five days, its pair dropped by around 15%, while ETH/BTC dropped by only 5%.
The positive MACD of Ethereum supports a momentum recovery, with capital probably turning back as Bitcoin grinds sideways. PEPE isn't left on the sidelines, according to subtle on-chain signs.
In this ongoing rotation game, a classic volatility swing is therefore set up.