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Ethereum Holders Endure Unrealized Losses – Is ETH Undervalued?

  • Many ETH investors are enduring unrealized losses, similar to ETH's early 2020 bottom before its explosive rally.
  • Data suggests that historic recoveries have followed phases of unrealized losses, presenting an opportunity for long-term ETH investors.
  • ETH's underperformance compared to Bitcoin has led to a lower ETH-BTC NUPL, indicating potential accumulation opportunities.
  • ETH is testing crucial demand above $3,000, with a potential breakout leading to a challenge of yearly highs.

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