Is Ethereum undervalued after ETH’s 8% drop - Whats next?

WikiBit 2024-04-16 01:43

ETH’s fall has caused holders to rethink their belief in the coin’s potential. The MVRV ratio showed that altcoin was undervalued. Long-term holders of

　　Since the metric was negative, it suggested that Ethereum was in an undervalued state. Take for instance— the 20th of March when the metric was around the same spot, and the price was $3,100.

　　Basahin ang Prediction ng [ETH] ng Ethereum 2024-2025

　　Days later, the value of the cryptocurrency rallied to $3,669. There were other instances where a similar thing happened.

　　Therefore, the long-term potential of ETH might remain bullish and holders might eventually put two feet forward.

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