Ethereum price could reach $11,340 if Bitcoin rallies past $378K, pushing Satoshi’s net worth above Elon Musk. Ethereum (ETH) Stagnates at $,2500 as Bitcoin Tops $109K Ethereum (ETH) traded at $2,511.11 on May 21, 2025, recording a modest 0.4% daily gain and 3.4% weekly growth. Despite Bitcoin reaching a new all-time high above $110,000, Ethereum lagged behind in momentum relative to prior bull cycles. ETH’s current price represents a 59.3% rise over the past 30 days, driven largely by macro tailwinds including rising Bitcoin ETF inflows and increased institutional interest in Layer-1 blockchains. Ethereum Price Action (ETHUSDT) | Coingecko ETH price traded in a 24-hour range between $2,473.89 and $2,600.00, underperforming Bitcoin’s 7.5% gain over the same period. Ethereum’s market capitalization remains firmly second at $307 billion, while its BTC pair sits at 0.02312, up 1.7% on the day, signaling a slight recovery in ETH/BTC momentum. Notably, trading activity in… Read More at Coingape.com
PEPE has continued its downward trajectory, hitting a six-month low of $0.00000670. The meme coin’s sustained losses have significantly eroded investor confidence, leading even uncertain holders to pull back.
The extended drawdown has created a challenging environment, with sentiment remaining overwhelmingly bearish.
PEPE Investors Are Losing Hopes
Short-term holders (STHs) have exited the market over the past month. Their participation has dropped from 11.5% to 7%, a 4.5% decline that reflects the growing reluctance to engage with PEPE at current price levels.
The prolonged downtrend has discouraged traders, as any recent investments have resulted in losses.
Typically, a low STH presence can be seen as a stabilizing factor, reducing volatility. However, this case highlights rising pessimism among PEPE investors.
The absence of new inflows and the reluctance of holders to re-enter suggest that sentiment remains fragile, further delaying any potential recovery.
PEPE’s macro momentum remains weak, with technical indicators signaling persistent bearish conditions. The Relative Strength Index (RSI) has remained stuck in the bearish zone for over a month, indicating continued selling pressure.
The lack of upward momentum suggests that recovery remains unlikely in the near term.
Additionally, worsening broader market conditions have exacerbated PEPE’s decline. Without a shift in macroeconomic or crypto market trends, the meme coin could remain under pressure. Until key resistance levels are breached, bearish dominance is expected to persist.
PEPE’s price has fallen to $0.00000670, holding above the critical support of $0.00000632. Sitting at a six-month low, the meme coin’s four-month-long downtrend shows no signs of reversal. If bearish pressure continues, PEPE could lose its support and sink further.
A breach of $0.00000632 would likely result in PEPE falling below $0.00000600. This could extend losses further, pushing the price toward the next support at $0.00000587. Without a strong reversal, PEPE may continue its downward trajectory, deepening investor losses.
The only way to invalidate this bearish outlook is if PEPE reclaims the crucial resistance of $0.00000951 as support. A successful breakout above this level would increase the chances of the meme coin returning to $0.00001000.
However, before this can happen, PEPE must first breach $0.00000718 and $0.00000839, both acting as key resistance levels on the way to recovery.
New Hampshire has made history as the first State in America to adopt the Strategic Bitcoin Reserve Bill into law. Months after Rep. Keith Ammon introduced the bill, it has now become law. The New Hampshire plan to gain exposure to Bitcoin is based on the model created by the Satoshi Action Fund, a firm affiliated with BTC bull Dennis Porter.
New Hampshire Breaks the Bitcoin Reserve Myth
According to the Press Release shared on X by Porter, the HB 302 Bill is now law, the first of its kind in the country. Under the new law, the State treasurer can buy Bitcoin and another digital asset with a market capitalization of at least $500 billion. Notably, only BTC fits this requirement.
Image Source: Dennis Porter on X
The New Hampshire BTC Bill was introduced in January and moved closer to adoption as the House assented in March. With the proposed law, the state can hold up to 5% of its funds in digital currencies.
The law also mandated US-regulated custody. Notably, the Bitcoin in the reserve has to be kept in a state-controlled Multisig with a qualified custodian. The State can also gain exposure to BTC through exchange-traded funds (ETF).
Meanwhile, this Bitcoin reserve Bill will not take effect until 60 days after Governor Ayotte signs it into law. This move from New Hampshire complements the general trend in the United States, where different regions are contemplating whether to proceed with crypto reserves.
In a contrarian move, Florida and Arizona recently took a different approach to their respective Bitcoin Reserve Bills. As reported by CoinGape, Arizona Governor Katie Hobbs vetoed the Bitcoin Bill, a controversial move that the industry criticized.
Update on the Federal Bitcoin Reserve Push
Conversations around States’ crypto adoption gained traction when President Donald Trump signed an Executive Order to establish the national crypto reserve in March. The plan at the time was controversial, as the initial template involved Bitcoin and altcoins like XRP and Ethereum as part of the reserve.
Even with the clarity secured later on, there is hardly a major update regarding the BTC adoption at the Federal level. Unlike the New Hampshire Bitcoin reserve move, the Federal government has chosen not to commit taxpayers’ money into the coin.
The reintroduced Bitcoin Act Bill from Senator Cynthia Lummis contains the legislative framework upon which the entire crypto adoption will be based. However, this Bill has not made it into law yet, leaving a lot of new possibilities for the top coin.
Pepe Coin price has dropped in the last six consecutive days as sentiment in the crypto market has waned. However, the ongoing whale accumulation, rising futures open interest, and a double-bottom or W pattern could be a good bullish catalyst for the coin.
Whale Purchases Could Boost Pepe Coin Price
Pepe Coin price could benefit as whales continue buying the dip. Santiment data shows that the supply of Pepe held by whales has been in a steady increase, rising from 147.34 trillion on May 1 to 148.46 trillion today, a 1.1 trillion increase.
Continued whale purchases is a sign that they believe the coin will eventually bounce back in the coming weeks. Also, it could be a sign that they believe that the coin has become a bargain, especially now that the MVRV-Z Ratio has dropped to the opportunity zone of minus 0.638. Historically, parabolic moves happen when the indicator drops.
Pepe Whales and MVRV Ratio
Pepe Futures Open Interest Rate is a Bullish Catalyst
Further, the Pepe price may benefit as the futures open interest remains higher than their lowest levels in April. A high interest is a bullish catalyst for this top meme coin as it shows that there is more new money coming into the market. It is also a sign of more liquidity in the crypto market.
CoinGlass data show that Pepe’s open interest has been in an uptrend after bottoming at $166 million in March this year. It has risen to $388 million and has been hovering at its highest level since February of this year. Therefore, this data is a sign that the coin may stage a strong comeback because it shows that there is demand among investors in the futures market.
Pepe Open Interest
Pepe Coin Price Technical Analysis: Double-Bottom Points to a Recovery
The daily chart shows that the value of Pepe bottomed at $0.000005683 in March, and then it retested it in April. It has formed a small double-bottom pattern with a neckline at $0.000009210. This pattern often leads to a strong bullish breakout, but in this case, it faced resistance, leading to the ongoing decline. However, this pattern will remain intact if it is above $0.0000056.
Another positive is that Pepe Coin price has formed a giant double-bottom at $0.00000056, its lowest level this year and in August last year. It has a neckline at $0.00002830, its November 2024 high, which is up by 267% from the current level.
Therefore, the most probable Pepe price forecast is bullish or contrarian. A move above the resistance at $0.0000092 will be a sign that bulls have prevailed, raising the possibility of it rising to $0.00001465, the 50% retracement level.
Pepe Coin Price
A drop below the year-to-date low will cancel the bullish outlook and point to more downside, potentially to $0.0000038.
