The alts market is breaking out of resistance which is very bullish and I think that while ETH is not undervalued, it will still be a good investment in the long run. If BTC reaches a certain price level or basically if BTC is going to rise (let’s say 45k or almost it’s original ATH value), then it will also help ETH's value to go up as well.
The way I see it, ETH is probably even doing better than BTC at the moment. ETH does seem to face some resistance at the $2k mark, but it is still performing well and outperforming BTC. If any of that is going to happen though people should buy ETH and then sell it later when the price does go up.
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