ETH enters most severe undervaluation in years.

According to DeCrypt, crypto asset manager and Bitcoin spot ETF issuer Bitwise has released a report stating that Ethereum has entered its most severe undervaluation phase in years. “Ethereum has consistently underperformed Bitcoin since late 2022,” said Andre Dragosch, Head of European Research at Bitwise. ”I believe Ethereum is fundamentally mispriced relative to on-chain activity and adoption metrics. Currently, there is a growing interest in AI, memecoin, and real-world asset (RWA) tokenization. These sectors have low transaction costs, which puts the congested and expensive Ethereum network at a relative disadvantage.” “Ethereum has posted positive returns versus BTC in seven of the last eight years, and we see a potential bounce in Ethereum in February,” he added.