ETH valuation metric hits level not seen since 2022: Is rally to $2.5K next?

ETH valuation metric hits level not seen since 2022: Is rally to $2.5K next?

0.73%BTC$72,331 1.16%XLM$0.1565 1.31%TRX$0.3197 0.56%XMR$344.71 4.08%DOGE$0.0939 0.76%BCH$444 0.16%ADA$0.2562 1.21%BNB$607 0.09%ETH$2,213 0.03%SOL$84.31 1.17%HYPE$39.89 1.60%XRP$1.35 0.15%USD Written by Biraajmaan Tamuly,Staff WriterReviewed by Ray Salmond,Staff EditorETH valuation metric hits level not seen since 2022: Is rally to $2.5K next?2 hours agoA rare signal from an ETH price indicator suggests Ether is undervalued, while demand in spot and futures markets hints at a rally to $2,500. Ether (ETH) may be on the path to retesting $2,500 if the current rally above $2,150 and the bullish spot and futures market volumes pushing prices higher are sustained. Ether is also supported by a key macro indicator that places the altcoin in a rare undervaluation zone not seen since 2022. The data points to fading selling pressure and the early stages of an accumulation process for Ether. Ether’

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