Apr 5, 2025
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Crypto Analyst Predicts Ethereum Is Undervalued and Time to Buy
Crypto analyst Doctor Profit asserts that Ethereum (ETH) is currently undervalued after a recent price drop. He highlights the historical support level of $1,800 as a potential rebound point, suggesting it may be an opportune time to accumulate ETH. Key points include:
- ETH's price has experienced a significant correction.
- Data shows bullish activity among ETH whales, indicating accumulation.
- Another analyst, Astronomer, predicts ETH could revisit $4,000, citing technical signals and historical support levels.
- Analyst Kledji warns ETH might drop to $1,400 before any rebound.
- ETH's market dominance has decreased from 20% to 8% since June 2023, but Rekt Capital suggests a historical recovery could occur.
- Crypto Patel believes ETH could rise to new all-time highs if it rebounds from its current support.
As of now, ETH is trading around $1,800, reflecting a slight increase of over 1% in the last 24 hours.
