On-chain data shows that ETH is severely undervalued.


The MVRV Z-Score has dropped to a historical low of -36%, with total DeFi locked value increasing from $86 billion to $121 billion, and 31,000 developers still working. Indicators don't lie; ETH is now on sale.
On one side are institutions rushing in, supply drying up, and valuations at historic lows.
On the other side are frightening quantum computing, 20x leverage on shorts, and a macro environment that’s deadly.
ETH-3.7%
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