Date: Wed, July 16, 2025 | 06:40 PM GMT

The cryptocurrency market remains strongly bullish, with Ethereum (ETH) maintaining its impressive upside momentum—posting a solid 9% daily gain and now trading well above the $3,100 mark, currently nearing $3,350. This breakout has historically triggered bullish momentum across major altcoins and memecoins, and Pepe (PEPE) is now emerging as one of the top candidates to follow ETH’s lead.

$PEPE has jumped 12% today, extending its weekly gains to 32%. But what’s catching even more attention is the emergence of a familiar fractal setup on the chart—one that has previously signaled explosive rallies.

Source: Coinmarketcap

Fractal Setup Hints at Bullish Continuation

According to a fresh analysis by chartist Chandler, PEPE is mirroring a fractal pattern seen during previous Ethereum breakouts. Every time Ethereum has breached the ~$3,100 level and rallied toward $4,000, PEPE has historically followed with an aggressive price surge.

The chart shows multiple instances where Ethereum's breakout acted as a trigger for PEPE's major runs to new all time high rallies, with nearly identical consolidation and rally phases. Now, with ETH already above $3,100, the fractal suggests PEPE may be about to launch once again.

PEPE-ETH Fractal Chart/Credits: @ChandlerCharts (X)

The technical alignment between Ethereum and PEPE adds confidence to this scenario, with the latest green circle on PEPE’s chart lining up with previous explosive rallies.

What’s Next for PEPE?

If this bullish fractal structure continues to play out, PEPE could first target its previous all-time high at $0.000028, representing a 106% rally from current levels.

And if the Ethereum fractal holds true, PEPE could go beyond that, entering price discovery mode and setting a new ATH—mirroring ETH’s past movements toward $4,000.

Of course, for the bullish setup to stay intact, Ethereum must sustain momentum above $3,100 and the memecoin sector needs to remain hot.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.