Ethereum Trades At Bear Market Lows: Fundamentals Signal Major Undervaluation
Ethereum is trading below critical resistance levels, having dropped over 21% since falling below $2,000, raising uncertainty among short-term investors. Despite this decline, Ethereum's on-chain fundamentals remain strong, processing over 95% of stablecoin transactions and leading in Total Value Locked (TVL) across DeFi and Real World Asset (RWA) protocols. It is the only altcoin with an approved spot ETF in the US, and upcoming upgrades aim to enhance speed and reduce transaction costs. Market sentiment and potential manipulation are speculated as reasons for the price suppression. Global economic tensions, particularly between the US and China, contribute to volatility in high-risk assets like crypto. Analysts suggest that Ethereum's fundamentals indicate a potential long-term buying opportunity, positioning it as a key player in the decentralized finance ecosystem.
