Is $20K ETH price now in play? Ethereum market enters ‘belief’ zone
Onchain data suggests Ethereum is in the “belief” stage of the bull cycle amid fresh all-time highs, opening the door to potentially even higher prices.
Key takeaways:
Ether’s long-term holder net unrealized profit/loss indicator suggests the price has entered the “belief” phase.
The market value to realized value suggests ETH is undervalued, with room to run toward $5,500.
