Ethereum ‘Insanely Undervalued’ As Accumulation Addresses Keep Stacking – Is A Rally Imminent?
Ethereum (ETH) is considered 'insanely undervalued' at approximately $1,700, despite an 8% rise over the past two weeks and a 43% decline over the past year. ETH is down 63.6% from its all-time high, contrasting with Bitcoin (BTC), which is only 13.7% below its peak. Accumulation addresses are experiencing record inflows, indicating long-term investor confidence. The Market Value to Realized Value (MVRV) Z-score has entered the green zone, historically signaling a market bottom and potential trend reversal. Ethereum's exchange reserves are at a multi-year low, suggesting reduced selling pressure and tightening supply. Analysts draw parallels between ETH's current trajectory and BTC's past performance, indicating potential for a new all-time high. However, concerns about the global macroeconomic situation and trade tariffs could impact ETH's price further.
