Is ETH undervalued? The opportunity for an explosion is quietly approaching!

Currently, the price ratio of Bitcoin to Ethereum is close to historical highs, with the BTC/ETH ratio nearing 39. Bitcoin's dominance is increasingly strengthening, but ETH is clearly lagging behind. Market risk appetite may be decreasing, preventing ETH from rising in sync with BTC.

Key Point Analysis:

BTC Dominance Increasing Significantly: The BTC/ETH ratio far exceeds historical averages, and ETH has failed to follow the upward trend.

Changes in Market Preference: Bitcoin, as 'digital gold', leads investors to be more conservative, avoiding the technological risks associated with ETH.

Institutional Divergence: The development of BTC ETFs is rapid, while ETH's progress is slower.

Technical Discrepancies: BTC's consensus is straightforward, whereas the technical complexity of ETH leads to a wait-and-see approach from investors.

Outlook:

If BTC maintains a price of $100,000, under the historical ratio of 15:1, the reasonable price for ETH would be $6,926. Currently, ETH is undervalued and has significant room for a rebound, but the market still prefers BTC, and ETH may continue to lag behind, requiring new catalysts.

In the short term, whether the opportunity for ETH to explode is coming depends on market sentiment and capital flows!