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๐Ÿšจ CryptoQuant: Undervalued ETH Attracting ETF Buyers, Potential Market Rebound Ahead


@cryptoquant\_com reports that ETH's MVRV ratio relative to BTC has dropped to its lowest since 2019, signaling it may be undervalued. Historically, ETH tends to outperform BTC from such levels.
๐Ÿ“Š ETH/BTC ETF allocations have risen significantly since late April, reflecting institutional optimism driven by the upcoming Pectra upgrade and improved macro conditions. On-chain data shows reduced sell pressure and increased ETH volume.
๐Ÿ”„ ETH/BTC has already rebounded 38% from its Jan 2020 low, sparking renewed bets on ETHโ€™s bottom and the potential start of a new altcoin season.
#Ethereum # BTC #CryptoQuant # etf #Web3
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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