On-Chain Indicator Suggests Ethereum (ETH) Could Be Undervalued, According to Crypto Analyst
An on-chain indicator suggests that top smart contract protocol Ethereum (ETH) could currently be undervalued, according to a popular crypto analyst.
Trader Ali Martinez tells his 135,100 followers on the social media platform X that ETH’s Entity-Adjusted Dormancy Flow just dropped below one million, suggesting that Ethereum may be in the midst of carving a major cycle bottom.
“This historically indicates a macro bottom zone, meaning ETH might be undervalued and long-term holders are less inclined to sell. It also suggests:
• Sentiment is low
• Capitulation may have occurred
• Smart money might be accumulating”
Entity-Adjusted Dormancy Flow is used “to time market lows and assess whether the…
