$BTC Currently, the crypto market is recovering slightly.

But there is something strange: most altcoins are still moving sideways or declining slightly, even ETH is no exception.

Why is a top coin like ETH weak while the market is recovering?

The answer lies in the on-chain data:

The MVRV index of $ETH is alarming: ETH is being undervalued compared to its real value — distinctly.

A deeper analysis of the reasons

The market is being heavily influenced by the FED's tight monetary policy.

The FED has not shown clear signs of easing --> the FED is still reducing assets on its balance sheet.

Interest rates remain high.

→ Large capital flows (smart money) only prioritize low-risk assets, such as BTC or gold.

→ While altcoins like ETH are still considered "risky" so they have not been prioritized for funding.

Opportunities are here$ETH