๐๐๐ต๐ฒ๐ฟ๐ฒ๐๐บ ๐๐น๐ฎ๐๐ต๐ฒ๐ ๐จ๐ป๐ฑ๐ฒ๐ฟ๐๐ฎ๐น๐๐ฎ๐๐ถ๐ผ๐ป โ ๐๐ฟ๐๐ฝ๐๐ผ๐ค๐๐ฎ๐ป๐ ๐ฃ๐ฟ๐ฒ๐ฑ๐ถ๐ฐ๐๐ ๐ฏ๐ด% ๐๐ง๐/๐๐ง๐ ๐ฅ๐ฎ๐น๐น๐ ๐ฆ๐ผ๐ผ๐ป
Ethereum (ETH) looks ready to bounce back strongly against Bitcoin (BTC), says on-chain analytics firm CryptoQuant.
The key ETH/BTC price ratio recently surged 38% in just one week after hitting its lowest point since January 2020 โ a level that historically signals a major buying opportunity for Ethereum.
Why this matters:
CryptoQuant highlights that ETH is extremely undervalued relative to BTC, according to the ETH/BTC MVRV metric โ the first time since 2019 this has happened.
Similar market setups in 2017, 2018, and 2019 led to big ETH rallies.
Investor demand for ETH is rising fast while selling pressure is falling.
Supporting data:
The ETH-to-BTC spot trading volume ratio jumped to 0.89, its highest since August 2024, showing traders are favoring ETH more than BTC.
Institutional investors are increasing their Ethereum ETF holdings compared to Bitcoin since late April, hinting at strong confidence in ETHโs future.
Exchange inflows of ETH relative to BTC are at their lowest since 2020, meaning fewer ETH holders are selling, while BTC selling pressure remains higher.
What could happen next:
If history repeats itself, Ethereum may soon outperform Bitcoin again โ possibly leading a fresh altcoin rally and gaining market dominance.