[Analysis] "Ethereum is in the undervalued zone of the realized price band...a buying opportunity"
Suehyeon Lee
Summary
- It was reported that "Ethereum (ETH) is in the undervalued zone of the realized price band, which may present a buying opportunity."
- Abramchart analyzed that the current Ethereum price is approaching the lower band, the green zone, and if the downtrend continues, there may be a buying opportunity.
- Based on past data, it was revealed that Ethereum's major bull markets started near the lower band, providing buying opportunities.
Ethereum (ETH) is in the undervalued zone of the realized price band, which may present a buying opportunity.
On the 17th (local time), CryptoQuant author abramchart analyzed, "The current Ethereum price has deviated from the realized price (blue) and is gradually approaching the lower band, the green zone. If the downtrend continues, there may be a buying opportunity."
He explained, "Looking at past data, Ethereum's major bull markets generally started near or below the lower band (green). This zone represents a period with many buying opportunities. Conversely, when the price rises near or above the higher band (red), it indicates an overbought condition or that the time for profit-taking is approaching."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
