Ethereum’s Undervaluation Amid Bear Market Lows: A Deep Dive into Its Robust Fundamentals

As Ethereum continues to trade near bear market lows, its on-chain fundamentals tell a different story. Despite a 21% price drop and breaking below the $2,000 mark, over 95% of stablecoin transactions are still processed on its network, signaling underlying strength. This article explores the current state of Ethereum, its resistance levels, and why analysts believe it may be significantly undervalued.

Ethereum Trades At Bear Market Lows: Fundamentals Signal Major Undervaluation

Ethereum is trading below critical resistance levels after enduring weeks of heavy selling pressure. Since breaking below the $2,000 mark, the price has dropped more than 21%, signaling growing uncertainty among short-term investors. Top analyst Ted Pillows noted that despite trading near bear market lows, Ethereum’s on-chain fundamentals remain robust, with over 95% of all stablecoin transactions processed on the network and leading in Total Value Locked (TVL) across DeFi and Real World Asset (RWA) protocols. Ethereum is also the only altcoin with an approved spot ETF in the US, and numerous upgrades are planned to improve it.

Ethereum’s Next Big Move: 3 Bullish Signals That Could Skyrocket ETH

Although ETH has been largely the biggest disappointment of the current cycle that started last year, certain factors suggest it has room for growth. Whales are back on the offensive, and the declining sentiment could result in a price reversal in the short term. Data from Lookonchain suggests that Ethereum whales have reversed their strategy and started to accumulate once again. An address linked to Metalpha has purchased roughly $50 million worth of ETH since April 1. Another wallet withdrew almost $100 million in ETH out of GateIo, and a third one transferred more than 10,000 ETH from Bybit.

Ethereum Price Rally May Fail, Crash Below $1,400 Predicted

The Ethereum price has disappointed investors who anticipated new all-time highs alongside Bitcoin crossing $100,000. However, Ethereum has reversed sharply and returned to levels not seen in five years. Crypto analysts predict further violent crashes, with the crucial $1,724 level deciding the cryptocurrency’s future direction.

Top 5 Best Cryptocurrency Staking Platforms – Trump is Staking ETH

The crypto market is volatile, but you can still make money when the price is down through crypto staking. On-chain data reveals that Donald Trump’s crypto program, World Liberty, has staked 14,701 ETH using Lido, worth over $50 million. OnStaking is highlighted as a top staking platform due to its instant profit system, auto-compounding, and no lock-in periods.