The ETH/BTC ratio just hit multi-year lows (0.019) — historically a bullish reversal zone 👀

But here’s the twist: mainnet activity is flat, fees are down (thanks, Dencun), and staked ETH is falling. Institutions are pulling back... for now.

Still, ETH looks hella undervalued vs BTC. Reaccumulation phase? Or value trap?

Meanwhile, ARB and BASE L2s are soaking up the traffic.

Click the charts 👉 $ETH $BTC $ARB — then drop your take: dead money or deep value? 💬👇

#ETHBTC汇率新低 #Layer2 #OnchainSignals