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Ethereum’s ‘capitulation’ suggests ETH price is undervalued: Fidelity report

cryptoweekly by cryptoweekly
April 29, 2025
in bitcoin, News
0

Analysis from Fidelity Digital Assets says that multiple onchain metrics point to ETH price bottoming and being undervalued.

Key Takeaways:

Fidelity Digital Assets’ report said that multiple Ethereum onchain metrics suggest ETH trades at a discount.

The BTC/ETH market cap ratio is at mid-2020 levels.

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  • US Senate moves forward with GENIUS stablecoin bill
  • JPMorgan boss says bank users can soon buy Bitcoin
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  • Stablecoins like Tether threatened by tougher rules for Russia’s $10 billion digital assets market
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