You Won’t Believe What Fidelity Just Discovered About Ethereum’s Future!

by

Key Takeaways:

  • Fidelity’s latest wizardry shows Ethereum is practically on sale! ETH might be trading at a discount.

  • The BTC/ETH market cap ratio is chilling at 2020 levels, like a time machine, only less fun.

  • Ethereum’s layer-2 addresses are soaring higher than a kite on a windy day, hitting a whopping 13.6 million active addresses.

Well, well, well, it seems Ethereum is giving us the ol’ “Don’t worry, I’ve got this” look! According to Fidelity Digital Assets, Ethereum’s price plunge in Q1 might just be a blessing in disguise. After ETH took a 45% nosedive (goodbye, $3,579 high!), it looked like the altcoin was headed for an early retirement. But wait – there’s more!

The doom-and-gloom crew was out in full force when Ethereum posted a “death cross” in March (sounds dramatic, doesn’t it?). That’s when the 50-day moving average (SMA) fell 21% below the 200-day SMA, sending some bearish vibes into the atmosphere. Yet, surprise surprise, Fidelity’s crystal ball suggests that things might actually be looking up for Ether in the not-so-distant future. Who knew? 👀

//s3.cointelegraph.com/uploads/2025-04/01968230-6e39-7f48-b3c6-ec5269d6658f”/>

ETH’s realized price is hanging out at $2,020, a solid 10% higher than its current value. Holders are staring at some unrealized losses, but don’t fret! Fidelity notes that while this sounds gloomy, it could actually mean the short-term traders have thrown in the towel, while the long-term folks are standing strong, propping up the price like a sturdy chair at a backyard barbecue.

But wait – there’s more caution: Fidelity pointed out that back in 2022, even when ETH dipped below the realized price, it still continued to fall before it started to recover. Talk about a rollercoaster ride. 🎢

Fidelity also took a peek at Ethereum’s market cap ratio to Bitcoin, which is sitting at 0.13 – a low not seen since mid-2020, and it’s been on the decline for 30 months. So, yeah, it’s been a bit of a downer. But who doesn’t love a good comeback story? 🤷‍♂️

Ethereum Ecosystem Engagement: Higher Than Your Uncle’s Expectations for His Favorite Nephew!

Hold onto your hats, folks, because Ethereum is breaking records! Data from growthepie.xyz reveals that the number of unique addresses using layer-2 networks in the Ethereum ecosystem has reached a jaw-dropping 13.6 million active addresses. That’s a 74% increase in just a week! Who’s counting? Apparently, everyone. 📈

And let’s talk about Unichain for a second. This new layer-2 protocol from Uniswap is taking the spotlight, boasting over 5.82 million weekly active addresses, surpassing both Base and Arbitrum. With that kind of momentum, it’s no surprise that Ethereum’s layer-2 dominance shot up by 58.74% in just seven days. I guess Ethereum really is the cool kid at the block party! 🥳

On top of all that, an anonymous crypto trader, CRG (because we all need a mysterious trader in our lives), pointed out that ETH price managed to climb above the 12-hour Ichimoku cloud indicator for the first time since December 2024. This means Ethereum might just be getting ready to show everyone who’s boss. The cloud’s turning green, and that’s when you know it’s time to buckle up for a potential uptrend. 💚

Read More

2025-04-29 21:32