I’ll say it:

Ethereum feels UNDERVALUED at ~$2,900.

Why?

• Record network usage

• Fees staying low

• Layer 2 adoption accelerating

• Institutions watching closely

As long as $ETH holds $2.8k, I’m not worried. Sideways price + rising fundamentals usually ends with a strong directional move.

If momentum returns, $3.5k isn’t crazy at all.

#Ethereum #ETH #onchaindata #Marketstructure

ETH

2,879.72

-2.50%