Despite Bitcoin’s impressive upward momentum, Ethereum has struggled to keep pace. While ETH dipped 45% from its January peak of $3,579, Fidelity Digital Assets offers a bullish perspective on the future of Ethereum based on recent market data. Their report suggests that Ethereum may be undervalued and poised for a resurgence in value. 🤔 Fidelity highlights that Ethereum’s price has bottomed according to several key indicators, including the MVRV Z-Score and Net Unrealized Profit/Loss (NUPL) ratio. These signals suggest a potential buying opportunity for investors. 📈 However, while Fidelity sees strong potential for Ethereum in the medium to long term, they also caution that past market trends suggest further price declines could occur before a significant recovery.