@coinphoton
Ethereum (ETH) may currently be undervalued, according to well-known analyst Ali Martinez. On X, he noted that ETH’s Entity-Adjusted Dormancy Flow just dropped below 1 million — a level that historically signals a macro bottom. This suggests ETH is in an attractive buying zone, long-term holders are not selling, and market capitulation may have occurred. Martinez also highlighted that market sentiment is low, while “smart money” may be quietly accumulating.
In addition, Martinez revealed that 453,000 ETH have been withdrawn from crypto exchanges over the past five days — a strong bullish signal indicating large investors are accumulating and selling pressure is declining.
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