The recent decline in the price of Ethereum (ETH) has attracted institutional investors who view it as a buying opportunity. A CryptoQuant analyst believes that ETH is undervalued and predicts a possible price recovery. The analyst lists four signals that indicate a potential recovery, including ETH currently being undervalued, an increase in the amount of ETH held by long-term investors, a decrease in selling pressure in the futures market, and the accumulation of ETH by large institutional investors. Although macroeconomic conditions may cause sideways movements, the analyst believes there is a strong potential for an upward trend in the near future. Ethereum is currently trading at $2,630.



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