Ethereum, the second-largest cryptocurrency, is witnessing intriguing market shifts. Analysis from CryptoQuant suggests ETH may be undervalued, forming a basis for potential price growth.
Undervalued Ethereum: The Gap Between Market and Realized Price
CryptoQuant's analysis highlights a divergence between Ethereum's market price and its realized price, currently around $2,200. This discrepancy can signal that ETH is undervalued, providing a foundation for price appreciation.
Impact of Long-Term Holders on the Ethereum Market
The growth in long-term ETH holders is a positive indicator, reducing sell-side pressure and providing stability. Long-term holders decrease market volatility, facilitating sustainable price growth.
Decreased Selling Pressure in Ethereum Futures Market
A decrease in selling pressure in the Ethereum futures market signals a shift towards bullish sentiment. Closing of short positions and opening of long ones could drive positive market movement.
The comprehensive analysis indicates Ethereum might be significantly undervalued, presenting strong growth potential. Increased long-term holders and institutional interest further reinforce the potential for a price rebound.
