Ethereum is trading at surprisingly low levels compared to its peers, raising investor concerns. Market sentiment is shifting as Ethereum underperforms even as the broader crypto market shows strength. Analysts argue that Ethereum's fundamentals remain strong, suggesting potential growth.
The MVRV Pricing Bands metric indicates Ethereum's room for growth and a $7,000 target is set by analysts. Although Ethereum has faced a 29% drop recently, long-term investors may see this as a strategic entry point.
To regain momentum, Ethereum needs to break the $3,520 resistance, reinforcing confidence among investors. Success here could trigger buying and upward momentum, but failure may lead to further consolidation.
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