Ethereum News Today: Ethereum's 9% Gain Triggers 12% Surge in Pepe

The cryptocurrency market is experiencing a strong bullish trend, with Ethereum (ETH) leading the charge. ETH has posted a solid 9% daily gain, trading well above the $3,100 mark and nearing $3,350. This breakout has historically triggered bullish momentum across major altcoins and memecoins, with Pepe (PEPE) emerging as a top candidate to follow ETH’s lead.

PEPE has jumped 12% today, extending its weekly gains to 32%. The emergence of a familiar fractal setup on the chart has caught the attention of analysts, as this pattern has previously signaled explosive rallies. 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. 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.

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 all-time high—mirroring ETH’s past movements toward $4,000. However, for the bullish setup to stay intact, Ethereum must sustain momentum above $3,100 and the memecoin sector needs to remain hot.