$ETH

Following a report by Wall Street-focused firm Etherealize that emphasised ETH's undervaluation, Ethereum (ETH) is currently trading at about $2,480, down 10% on Thursday. Instead of being viewed as a scarce, yield-generating asset with genuine utility, the report contends that Ethereum is mispriced like a tech stock, referring to it as "digital oil" for the digital economy. Ethereum is one of the most undervalued assets in international markets, according to Etherealize, which also offers a bullish valuation framework that predicts a short-term price of about $8,000. However, if Ethereum is unable to recover the \$2,750–\$2,850 range, it could confirm a bearish rounding top pattern. ETH has underperformed its prominent peers, such as Bitcoin, Solana, and XRP, despite playing a crucial role in enabling decentralised applications and finance. It is still 45% lower than