Retail investors continue to hold ETH

• Ethereum (ETH) has risen by 17.76% over the month, but retail investors are in no rush to lock in profits, considering the asset undervalued.

• Low inflows to deposits at major exchanges such as Binance and OKX confirm this.

• CryptoQuant analyst notes that ETH could reach $4,000 in the short term if the price remains above $2,800.

• However, the founder of CryptoQuant believes that Ethereum lags behind Bitcoin and its future depends on the revenues of Web3 applications.