Ethereum Gained 160% The Last Time This On-Chain Indicator Flashed – Will ETH Soar Again?

According to a key on-chain indicator, Ethereum (ETH) may be undervalued at its current market price. The last time ETH was this undervalued was in October 2023, after which it experienced a 160% rally. Ethereum May Be Undervalued, On-Chain Indicator Suggests Ethereum’s current MVRV-Z score suggests that the second-largest cryptocurrency by total market capitalization may be undervalued at its... source: https://www.newsbtc.com/news/ethereum/ethereum-gained-160-the-last-time-this-on-chain-indicator-flashed-will-eth-soar-again/