Ether traders argue the asset is still “too cheap” and is due for a “monster rally” as it neared the $2,900 price level.
Ether has risen nearly 25% since the start of 2024, yet analysts argue it’s still undervalued and ready for a significant surge after Bitcoin rocketed past its all-time high this week.
“I think that ETH has a very real chance of going on a monster rally now,” pseudonymous crypto trader Byzantine General opined in a Nov. 6 X post.
Since Nov. 6, Ether (ETH) has risen 9.66%, trading at $2,846, according to TradingView data.
