Ethereum is trading at a 42% discount relative to Bitcoin.
That’s what you get when modeling Ethereum’s fair value based on its historical relationship to Bitcoin’s price.
If you believe the Ethereum ETFs can attract capital anywhere near what Bitcoin’s have, ETH looks like a

Beyond that short-term valuation angle, it’s hard to see Ethereum challenging Bitcoin’s dominance anytime soon.
The altcoin market is missing the powerful narratives that drove the 2020–2021 cycle, no NFTs, no web3 gaming boom… Tokenization of real-world assets could be the
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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.
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