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Analysis: on-chain data shows that ETH may have completed its bottoming.
BlockBeats news, on April 12, crypto assets analyst Ali Martinez stated that Ethereum (ETH) may have completed the bottoming phase of the current market cycle. Data shows that the Entity-Adjusted Dormancy Flow metric for ETH recently fell below 1 million, which historically indicates a macro bottom region, suggesting that ETH may be undervalued and long-term holders are less likely to sell.