TechFlow news, April 12 — According to NEWSBTC, cryptocurrency analyst Ali Martinez stated that Ethereum (ETH) may have already completed the bottoming phase of this market cycle. Data shows that the ETH Entity-Adjusted Dormancy Flow indicator recently dropped below 1 million. Historically, such low levels in this metric often signal a macro bottom zone, suggesting ETH may be undervalued and that long-term holders are less inclined to sell.
ETH is currently quoted at $1,591.19, up 1.73% over the past 24 hours. However, compared to two years ago, ETH prices have fallen by more than 17%, while Bitcoin (BTC) has risen nearly 100% during the same period. Analyst NotWojak pointed out that ETH could be poised for a breakout, with a potential upside target of $1,835.
