Various analysts believe that Ether (ETH), currently priced at 3,709 USD, is undervalued given the soaring global M2 money supply at 95.58 trillion USD. It’s anticipated that ETH could reach beyond 8,000 USD, supported by declining Bitcoin dominance.
With Bitcoin dominance decreasing to 60%, analysts note a bullish trend for Ether. Historical data shows significant surges in ETH price corresponding with drops in Bitcoin dominance, indicating strong future potential for Ether as institutional demand increases.
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