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Ethereum (ETH) has shown exceptionally strong performance recently, exhibiting a remarkable pump trend. Over the past month, the price movement of ETH has been astonishing, as if investors have taken a rocket journey.
Data shows that ETH has achieved a 40.3% rise in the past 30 days, which is nearly half. Since July 8, the price of ETH has increased by 39.58%, and this growth rate is reminiscent of the acceleration performance of electric vehicles. In just the past 7 days, ETH has risen by 19.7%, and the weekly return is equivalent to the annual return of certain investment types.
Behind the strong performance of ETH, in addition to favorable technical and funding factors, there is a little-known variable - Pepe Coin ($PEPE).
Market analysts have recently discovered an interesting correlation between ETH and Pepe. The price movement of both is highly similar, as if they are a pair of twins in the cryptocurrency market. When ETH rises, Pepe also follows suit; when ETH pulls back, Pepe also declines. This synchronicity is astonishing.
The current market situation seems to indicate that Pepe may be on the verge of a strong rise, and it could even break its all-time high. Surprisingly, this green frog token, once regarded as a "meme coin," is now showing the potential to become a leader among altcoins.
For investors who missed the earlier rise of ETH, paying attention to Pepe's subsequent performance may be a worthwhile consideration. However, investors should keep in mind that the cryptocurrency market is highly risky and requires careful handling with proper risk management.