📉 Is ETH undervalued vs BTC?

According to CryptoQuant, the ETH/BTC MVRV ratio has dropped to ~0.4—its lowest level since 2019⚠️

Historically, such levels often preceded strong ETH outperformance vs BTC

📊 But short-term headwinds remain:

1️⃣ Supply pressure

2️⃣ Weak demand

3️⃣ Low on-chain activity

Is this the calm before a bullish reversal—or a value trap?⏳

#Ethereum #bitcoin