CryptoQuant's recent analysis on X suggests Ethereum (ETH) is significantly undervalued against Bitcoin (BTC), reaching levels not seen since 2019. This undervaluation historically precedes periods of substantial ETH gains. However, the report also cautions that factors such as current supply pressure, weak demand, and lackluster trading volume could potentially delay any potential Ethereum price rebound. Investors should therefore exercise caution and conduct thorough due diligence. Despite these challenges, the historical trend suggests that Ethereum possesses the potential for a significant upward correction relative to Bitcoin, making it a key area of focus for crypto market observers. The coming weeks will be crucial in determining whether ETH can overcome the existing headwinds and capitalize on its undervalued position. ```

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