Is Ethereum (ETH) Currently Undervalued?

A cryptocurrency expert recently shared his opinion on Ethereum (ETH) and whether the top altcoin is undervalued or not.

Dan Tapiero, CEO of 10T Holdings, believes Ethereum (ETH) is significantly undervalued and could see a 171% increase.

He attributes this potential to the rise of DeFi projects on its blockchain, especially if a pro-crypto environment emerges under Donald Trump, who plans to remove SEC Chairman Gary Gensler. Tapiero predicts ETH could exceed $8,000 in the next year, emphasizing Ethereum’s strong network usage and its role as a core asset alongside Bitcoin.

He also pointed to Ethereum holding its 100-day moving average, a bullish technical signal that suggests further price growth. Tapiero’s optimism is based on Ethereum’s increasing adoption and its ability to retain its position as a dominant player in the digital asset space.

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Meanwhile, analyst Benjamin Cowen is reassessing his forecast of Ethereum dropping to around $1,000. He notes that if ETH can break above its bull market support band, he might be wrong, signaling a potential change in market sentiment.

Cowen also suggests that Ethereum’s performance against Bitcoin (ETH/BTC) could signal a market bottom if it holds above the 50-day moving average (0.039 BTC). This key level, if reclaimed as support, could indicate a reversal in ETH’s relative strength against Bitcoin.

Alexander Stefanov