$ETH I think ETH$$ has really fallen behind this time. It’s trading around 2,490, up just 0.5% on the day and below its 50-day moving average, underperforming $BTC.
But here’s a detail: ETH rose 71% in the third quarter, and the share of profitable holdings on-chain hasn’t entered the “warning zone”—it hasn’t reached historically overheated levels.
Do you think ETH is undervalued, or is it catching up on the downside?
But here’s a detail: ETH rose 71% in the third quarter, and the share of profitable holdings on-chain hasn’t entered the “warning zone”—it hasn’t reached historically overheated levels.
Do you think ETH is undervalued, or is it catching up on the downside?