Ethereum Nears $4,500, Analysts Highlight Undervalued Status and Future Growth

Ethereum is rapidly approaching the $4,500 mark, prompting analysts to assert its undervalued status in the crypto market. Strong fundamentals supporting this rise include surging decentralized finance (DeFi) activity and increasing institutional investment. The MVRV ratio signals a potential climb towards $5,140 if ETH maintains support above $3,300, according to CryptoNews reports. Spot Ethereum ETF inflows have surpassed Bitcoin ETF inflows for five consecutive days, further indicating institutional adoption.