ETH breaks through $4700, low NVT ratio indicates undervaluation

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[Coin World] The trading price of Ethereum is close to $4,700, and its network value to volume ratio (NVT) is far below historical averages, indicating it may be undervalued. Despite undergoing technical upgrades, such as the transition to attestation (PoS) in 2022, the price of ETH remains volatile due to macroeconomic and regulatory factors. However, the rise in volume, the increase in the use of Decentralized Finance and NFT, and the adoption of Ethereum-based products by institutions suggest that the fundamentals are strengthening. Analysts believe that the current price may not fully reflect the network's growing utility and long-term value.

ETH-0.13%
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Ser_APY_2000vip
· 3h ago
Underestimated, the bull run has arrived.
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MoonRocketTeamvip
· 19h ago
Data looks exciting, the booster is ready to da moon.
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DecentralizedEldervip
· 19h ago
Who else was hit by 4700?
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OnchainFortuneTellervip
· 19h ago
Going ashore is just this wave.
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ChainWatchervip
· 19h ago
To da moon! Those who bought the dip have made a fortune.
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OldLeekConfessionvip
· 19h ago
Continue to accept the fate of suckers.
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gas_fee_therapistvip
· 19h ago
Laughing to death, it's rising again, can't afford the monthly payment.
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