Ethereum, the second-largest altcoin, may be poised for a significant surge after a prolonged period of lagging behind Bitcoin.
Undervaluation of Ethereum
Well-known investor Eugene released an analysis expressing high expectations for Ethereum. He called it one of the most undervalued assets this year, highlighting its low market cap and correlation with Bitcoin.
Growing Interest from Traditional Finance
According to Eugene, the interest of traditional financial institutions in Ethereum is increasing. "Ethereum will become an investment target for mainstream institutions and traditional financial entities in the infrastructure and stablecoin sectors," he noted.
Correlation with Bitcoin
Eugene also emphasized that if Bitcoin surpasses $110,000, Ethereum is likely to enter a bull market, as it rarely underperforms when Bitcoin is on the rise.
Experts, including Eugene, indicate that Ethereum has the potential for significant growth in the near future, and the interest from traditional finance may be a key factor in this development.
