Risk aversion has continued to shape the cryptocurrency market amid the persistent tariff jitters and concerns over interest rates. Not even Trump’s participation in Blockwork’s digital asset summit is enough to reverse the market sentiment. In the absence of a major bullish catalyst, most cryptocurrencies will likely remain range-bound.

However, revolutionary projects like Bitcoin Pepe continue to attract investors looking to be part of cryptos with huge growth potential. The unique combination of Bitcoin’s security, Solana’s speed, and the popular meme culture is largely behind the project’s success.    

Ethereum price is back below the crucial level of $2,000 after rising above it on Wednesday. Since mid-December 2024 when it hit its four-year high, the altcoin has plunged by over 50%. In the past week, it hit its lowest level since October 2023 as tariff jitters maintain a risk-off mood in the broader crypto market. 

According to SoSoValue, spot ether (ETH) ETFs have recorded net outflows for 12 consecutive sessions. On Thursday, the daily net outflows were at $12.41 million with Grayscale’s ETHE reporting cumulative outflows of $4.17 billion. Even so, it’s seen cumulative inflows of $2.44 billion. 

A look at its daily chart shows ethereum price still trading below the 25 and 50-day EMAs. In the immediate term, the bulls will be striving to secure a rebound past $2,000. However, the altcoin will likely continue to hover within the range of between $1,807 and the resistance level along the 25-day EMA at $2,134.

Ethereum price chart

Even with the ongoing crypto crash, Bitcoin continues to leverage on its reputation as the most secure and steady network. Indeed, this reliability has contributed to Bitcoin Pepe’s overwhelming acceptance in the market. It’s presented as the first meme ICO on the network; combining the meme culture with Solana’s speed and Bitcoin’s security. 

With this trifactor, the project has raised over $5.6 million in just five weeks. Savvy investors see its current performance as the beginning of the crypto’s extraordinary growth journey and know better than to dismiss such an opportunity. 

Besides, even before hitting the public shelves in Q2’25, the crypto is already rewarding its early adopters. Currently, at stage 7 of its presale, its holders have already had their capital investment grow by 27.6%. By the end of the 30 stages, they will enjoy cumulative gains of 311.4% as the BPEP toke price increases by about 5% in every stage. Red more on how to buy Bitcoin Pepe here.

In early Friday’s session, Bitcoin price erased most of the gains recorded over the past two sessions. Notably, risk aversion continues to override President Trump’s positive sentiment over the crypto market. While Trump’s speech at Blockwork’s digital asset summit helped boost investor confidence, crypto enthusiasts are still concerned over tariffs and interest rates.

A look at its daily chart shows Bitcoin price still trading the 25 and 50-day EMAs. In the near term, the range between the support at $80,525 and the resistance zone of $87,254 will be worth watching. 

The post Ethereum price stuck in a deep bear market as pros flock to Bitcoin Pepe appeared first on CoinJournal.

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