Fidelity: Multiple on-chain indicators suggest that ETH is "underpriced"
2025-04-29 20:50:22
Fidelity Digital Assets reports that multiple Ethereum on-chain indicators indicate that ETH is "trading at an undervalued price." The report states that the MVRV Z-Score fell to -0.18 on March 9, entering the "undervalued" zone, indicating that Ethereum "looks cheap." NUPL also fell to 0, indicating that the market is in a "capitulation" state. In addition, the realized price of ETH is $2,020, which is 10% higher than the current price. ETH/BTC market cap ratio fell to mid-2020 levels. Meanwhile, Ethereum Layer-2 reached 13.6 million active addresses, a record high, indicating that its scalability and adoption rate continue to rise.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
富达：多个以太坊链上指标表明ETH“价格被低估”Next article：
欧洲数字银行Bunq推出加密货币服务
