Can Ethereum surpass Bitcoin? There are signals, but the difficulty is immense! 🚀

ETH is currently undervalued, with the MVRV ratio falling to its lowest point since 2019, possibly signaling a rebound! However, supply pressure and weak demand are slowing down momentum. 📉

Historically, ETH has significantly outperformed BTC, but the market situation is different now. BTC remains mainstream, and whether ETH can make a comeback depends on whether the fundamentals can improve. 💥

Supply is at a record high, but activity has stagnated, institutional confidence is waning, and retail enthusiasm is cooling off. Unless there is major news, ETH is unlikely to break through BTC. 💣

Large-scale withdrawals may bring a short-term rebound, but whether it can sustain remains uncertain!