$ETH As a leader among mainstream coins, the price hovered around $3250 at 7 PM on January 18, meaning it has hardly increased in nearly a year. The ETH/BTC ratio has also reached its lowest point in recent months, at just 0.3167. Under the circumstances of the ETH ETF being approved and institutional funds continuously flowing in, it is impossible for ETH not to rise; the only reasonable explanation is that its price is severely undervalued.

The reason for this phenomenon is that American institutions are mainly focusing their attention on Bitcoin. This means that American institutions believe that Bitcoin's current price is still not high enough, and they will not temporarily transfer too much capital from Bitcoin to ETH. Once the funds start to overflow from Bitcoin, ETH will have its day to take off.