Ethereum is undervalued relative to its historical range and holder cost basis, suggesting an attractive risk-reward setup for accumulation
Too little corroboration in the last 3 days to call a trend (3 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"Analyst Walter Bloomberg notes that investors are accumulating Ethereum ahead of the release of the US inflation data. The analyst also notes that managed funds are purchasing Ethereum in spot markets at a rate that is seven times higher than normal."
"Doctor Profit said in previous cycles, ETH represented only around 10% of his combined BTC and ETH portfolio. Last week he raised it to 20% and Friday he pushed it to 60%, flipping the ratio for the first time in his trading history."
"ETH is trading around $1,940, roughly 17% below its realized price, or the average cost basis of ETH holders, placing it in an undervalued zone. It is also closer to the lower end of its historical valuation range."