Fidelity: Multiple Ethereum on-chain indicators show that ETH is "undervalued"
This article is machine translated
Show original
Odaily Odaily News Fidelity Digital Assets reported that multiple Ethereum on-chain indicators show that ETH is "trading at an undervalued price." The report pointed out that the MVRV Z-Score fell to -0.18 on March 9, entering the "undervalued" area, indicating that Ethereum "looks cheap"; NUPL also fell to 0, indicating that the market is in a state of "capitulation." In addition, the realized price of ETH is $2,020, 10% higher than the current price. The ETH/BTC market value ratio has fallen to the level of mid-2020. At the same time, Ethereum Layer-2 active addresses reached 13.6 million, a record high, indicating that its scalability and adoption continue to rise.
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share




