币界网报道：Background: Ethereum (ETH) may be undervalued at current prices, especially as the stablecoin market is expected to surge to $3.7 trillion by 2030. Fundstrat Chief Analyst Tom Lee analyzed the potential value of ETH based on the 15-fold growth target of the stablecoin market proposed by U.S. Treasury Secretary Scott Bessent. Main Events: - Despite the passage of the GENIUS Act this week, ETH prices did not show a significant reaction, but Circle's CRCL and Coinbase's COIN prices rose sharply. - Stablecoins account for about 30% of Ethereum network fees. In the past 30 days, Circle and Tether have contributed more than $700 million in network fees, and the top three fee contributors are all stablecoin issuers. - Ethereum's current MVRV Z-score is 0.4, indicating that ETH prices are relatively cheap and there is a large room for growth. Historical trends show that ETH prices may reach $4,000 or even higher. Potential impact: The explosive growth of the stablecoin market will bring about a significant increase in Ethereum network fees, which may drive ETH prices up. The current price level provides investors with potential buying opportunities.