Pepe price is overall down for the week, but the bear pressure remains relentless. Technical indicators suggest the price of PEPE still has some more downside distance to cover. The entire crypto market cap is down 2.1%, and despite positive Bitcoin ETF netflows, the asset is down 0.9%. The high correlation between PEPE and Ethereum may be impacting its price now as the ETH ETF experienced negative netflows on August 15, reflecting a 2.9% drop in price. Can PEPE hold up against the overbearing sell pressure?
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