$ETH
Big news in the crypto world!
Is Ethereum seriously undervalued?
On May 8th, CryptoQuant released news that the ETH/BTC MVRV indicates that Ethereum is currently in a state of extreme undervaluation compared to Bitcoin, which hasn't happened since 2019. The MVRV ratio is used to measure the market value of an asset against its real value, and the ETH/BTC MVRV reflects the situation of Ethereum's market value relative to Bitcoin's.
Looking at the analysis chart, we can see that when the ETH/BTC MVRV dropped into the undervalued area in 2019, Ethereum's price began to increase significantly compared to Bitcoin. And now, in 2025, the ETH/BTC MVRV has again dropped into the undervalued area, roughly around 0.4, which means Ethereum may be undervalued. However, it's not easy for Ethereum to rebound; there is currently significant supply pressure, weak demand, and the market trading is not active, all of which may hinder its rise. But regardless, once this data comes out, it will definitely prompt many investors to reassess Ethereum, and its future trend is certainly worth paying attention to!
