Analysis: On-chain data indicates that ETH may have bottomed out

BlockBeats News, April 12, Cryptocurrency analyst Ali Martinez suggested that Ethereum (ETH) may have completed the bottoming phase of its current market cycle. Data shows that the ETH Entity-Adjusted Dormancy Flow indicator recently dropped below 1 million, a historical low that typically signals a macro bottom area, indicating that ETH may be undervalued and long-term holders are less likely to sell.