Ethereum Price To Drop Below $2,000, With Pepe Coin Falling 40% – ETH Whales Are Hedging With This Top Gainer
The post Ethereum Price To Drop Below $2,000, With Pepe Coin Falling 40% – ETH Whales Are Hedging With This Top Gainer appeared on BitcoinEthereumNews.com.
As Ethereum’s price struggles and continues to show signs of slipping below the $2,000 mark, investors are getting nervous. The situation isn’t much better for Pepe Coin, which, according to market trends, could plunge by 40%. With Ethereum whales looking to hedge their risks, attention is shifting to Remittix—a new crypto project offering real-world payment solutions and an alternative to volatile tokens. Remittix is already showing potential to grow beyond what other coins may achieve in this current market. Could it be the best cryptocurrency for ETH whales to buy now? Let’s find out. Ethereum price struggles as decline deepens despite whale activity Ethereum 1Y price chart. Source: CoinMarketCap Ethereum’s price has dropped for consecutive days, increasing its decline to nearly 36% in its yearly chart. This comes ahead of June, historically its weakest month, with average losses of over 7%. Despite the dip, Ethereum’s price has still performed better than many other cryptocurrencies, which have seen bigger drops this month. Even with the decline, there are signs of strength. Large investors, known as whales, are buying more ETH, with over $3 billion flowing into Ethereum ETFs recently. Analysts also note bullish patterns forming on the charts, indicating a possible rebound with price targets as high as $4,185 if the trends continue. PEPE Coin plunges 17% amid rising selling pressure. Pepe’s price saw its value decline by 23% in yearly charts, wiping out recent gains. This sharp drop comes as more traders rush to sell, with selling volume now making up over half the market activity. At the same time, PEPE’s Open Interest—a measure of active positions—has dropped 23%, showing traders are exiting the market fast. Long positions, or bets that PEPE coin would rise, took the hardest hit, losing $7.3 million out of $8.97 million in total liquidations. PEPE…
Filed under: News - @ June 3, 2025 7:24 am