Fidelity: Multiple on-chain indicators for Ethereum suggest that ETH is "undervalued".

2025-04-29 20:48:21

Abstract generation in progress

Fidelity Digital Assets reported that multiple Ethereum on-chain metrics indicate that ETH is “trading at an undervalued price,” Gold Finance reported. The report noted that the MVRV Z-Score fell to -0.18 on March 9, entering the “undervalued” zone, showing that Ethereum “looks cheap”; NUPL also fell to 0, indicating that the market is in a state of “capitulation”. In addition, the realization price of ETH is $2,020, which is 10% higher than the current price. The ETH/BTC market cap ratio fell to mid-2020 levels. At the same time, Ethereum’s Layer-2 active addresses reached an all-time high of 13.6 million, indicating that its scalability and adoption continue to rise.

ETH3.18%

BTC2.88%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.