Is Ether Lee’s undervalued? Let’s take a closer look at the realized price and institutional activities.
This article is also provided in Spanish.
In recent weeks, Etherrium price behavior has been no different from the performance recorded over the last few months. During this period, Ether Leeum’s price remained a long -term integration stage by struggling to obtain a significant upward momentum.
Among them, the recent analysis of encryption Quant contributors has been revealed about the factors that may affect Ether Leeum’s current state and future price trajectory. This analysis pointed out that Ether Lee’s “ultrasound money” story (the idea related to deflation token mix after itself) is struggling.
The total supply has reached a record high, and the stay rate has decreased by 1% since November. However, despite these supply side obstacles, some demand side elements suggest that Ether Leeum may be in a position for long -term growth.
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Under evaluation, holder behavior and institutional interests
Another major insight in analysis is that it appears to be undervalued according to the price of Ether Leeum. The realized price reflects the average cost of ETH retention across all wallets, which is currently around $ 2,200.
The current market price is about $ 2,600, indicating that ETH is undervalued compared to historical norms by calculating the market value slightly higher than 1 at the ratio of MVRV. This level can be based on powerful support and potentially limit more disadvantages.
Another factor that supports Ether Leeum’s potential rise is the behavior of long -term holders. This analysis emphasizes the address that accumulates Ethereum, not similar to Bitcoin’s “permanent holder”.
Some large investors have sold during the recent recent recession, but these long -term holders have been absorbed by their positions to help stabilize the market. This trend is mature by Ether Leeum’s investor base and is growing to possess assets through market volatility.
Ether Leeum: The main rebound of the horizon?
Analysts also pointed out that sales pressure in the futures market has been eased. According to the data, the market price trading volume has decreased significantly since the price of Etherrium in November last year, which was nearly $ 4,000.
Even if the price drops, the decrease in sales activities can signal the inflow of relative purchasing power, and if the market conditions are improved, the recovery stage can be set.
Institutional participation is another encouraging factor. Major athletes, including Blackrock, Cumperland and other prominent companies, are known to have accumulated a significant amount of ETH during the recent recent recession.
For example, Blackrock has purchased more than 100,000 ETH and is worth more than $ 270 million. This important institutional inflow not only increases demand, but also gives reliability to Ether Lee’s long -term investment papers.
Despite these positive indicators, the analysis recognizes the remaining challenges. In particular, if the macroeconomic conditions are uncertain, the increase in the total supply and the slightly dip of the stage King weighs the emotions.
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Moreover, the price movement of Ether Leeum can be limited in the short term as the wider market digests continuous economic changes. However, the combination of underestimation, powerful long -term holders, decrease in sales pressure and institutional accumulation draws more optimistic intermediate prospects.
Etherium can be traded sideways in the short term, but the factors summarized in analysis suggest that if a wider market condition is stabilized, it can be well matched.
Chart of TradingView, a major image made of dall-e
