{"id":141757,"date":"2024-11-08T21:00:13","date_gmt":"2024-11-08T19:00:13","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=141757"},"modified":"2024-11-08T14:41:22","modified_gmt":"2024-11-08T12:41:22","slug":"is-ethereum-eth-currently-undervalued","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/is-ethereum-eth-currently-undervalued\/","title":{"rendered":"Is Ethereum (ETH) Currently Undervalued?"},"content":{"rendered":"
Dan Tapiero, CEO of 10T Holdings, believes<\/a> <\/strong>Ethereum (ETH<\/a><\/strong>) is significantly undervalued and could see a 171% increase.<\/p>\n 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\u2019s strong network usage and its role as a core asset alongside Bitcoin.<\/p>\n He also pointed to Ethereum holding its 100-day moving average, a bullish technical signal that suggests further price growth. Tapiero\u2019s optimism is based on Ethereum\u2019s increasing adoption and its ability to retain its position as a dominant player in the digital asset space.<\/p>\n 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.<\/p>\n Cowen also suggests that Ethereum\u2019s performance against Bitcoin (ETH\/BTC) could signal a market bottom if it holds above the 50-day moving average (0.039 BTC<\/a><\/strong>). This key level, if reclaimed as support, could indicate a reversal in ETH\u2019s relative strength against Bitcoin.<\/p>\n","protected":false},"excerpt":{"rendered":" A cryptocurrency expert recently shared his opinion on Ethereum (ETH) and whether the top altcoin is undervalued or not.<\/p>\n","protected":false},"author":3,"featured_media":106346,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[72,424,234,271,384,108,122],"coin_category":[],"class_list":["post-141757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-bitcoin","tag-crypto","tag-donald-trump","tag-ethereum","tag-optimism","tag-price","tag-trump"],"acf":[],"yoast_head":"\nRead More:<\/h5>\n \n
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