Macro investor and fund manager, Dan Tapiero, believes that Ethereum (ETH) is currently undervalued and predicts it could soar by 171% due to the potential flourishing of decentralized finance (DeFi) projects built on its blockchain under a pro-crypto US President Donald Trump. Tapiero also highlights the strong network usage of Ethereum and shares a bullish chart showing ETH holding the 100-day moving average as support. Meanwhile, analyst Benjamin Cowen is reassessing his suggestion that ETH could drop to its logarithmic trendline, and suggests that if ETH/BTC can get above the 50-day simple moving average, it may have bottomed out. ETH/BTC is currently trading at 0.03864 BTC ($2,946), up 7.33% in the last 24 hours.



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