{"id":27267,"date":"2025-05-17T08:16:40","date_gmt":"2025-05-17T08:16:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=27267"},"modified":"2025-05-17T08:16:40","modified_gmt":"2025-05-17T08:16:40","slug":"undervalued-ether-catching-eye-of-etf-buyers-as-rally-inbound-cryptoquant","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=27267","title":{"rendered":"Undervalued Ether Catching Eye of ETF Buyers as Rally Inbound: CryptoQuant"},"content":{"rendered":"
\n

ETH has quietly slipped into historically rare territory as one market signal shows its deeply undervalued compared to bitcoin (BTC), at a ratio not seen since 2019<\/a>, a new CryptoQuant report says. <\/p>\n

The signal comes from Ethereum\u2019s ETH\/BTC Market Value to Realized Value (MVRV) metric, a gauge of relative valuation that measures market sentiment and historical trading patterns. <\/p>\n

Historically, whenever this indicator has reached similarly low levels, ETH has subsequently delivered significant gains and substantially outperformed BTC.<\/p>\n

\"(CryptoQuant)\"<\/p>\n

Investors appear to be taking notice. Demand for the ETH ETF has sharply picked up, with the ETH\/BTC ETF holdings ratio rising steeply since late April, according to data from CryptoQuant.<\/p>\n

\"(CryptoQuant)\"<\/p>\n

This shift in allocation suggests institutional investors anticipate ETH will outperform BTC, potentially fueled by the recent Pectra upgrade<\/a> or a more favorable macroeconomic environment.<\/p>\n

Already, the ETH\/BTC price ratio has rebounded 38% from its weakest level since January 2020, suggesting investors and traders are betting the bottom is in and an “alt season” could soon follow.<\/p>\n

This echoes what some market participants have been telling CoinDesk.<\/p>\n

March Zheng, General Partner of Bizantine Capital, said in a recent message<\/a> that traders should remember that ETH has typically been the main on-chain altcoin indicator for risk-on, and its sizable upticks generally lead to broader altcoin rallies.<\/p>\n

On-chain data further supports this optimism. ETH spot trading volume relative to BTC surged to 0.89 last week, its highest since August 2024, signaling renewed appetite from investors. A similar trend occurred between 2019 and 2021, when ETH went on to outperform BTC by fourfold.<\/p>\n

CryptoQuant also notes that ETH exchange deposits, often an indicator of selling pressure, have dropped to their lowest relative level since 2020, implying investors anticipate higher prices ahead.<\/p>\n

\"(CryptoQuant)\"<\/p>\n

For now, confirmation hinges on ETH decisively breaking above its key 365-day moving average against BTC.<\/p>\n

Still, with compelling undervaluation, rising institutional interest, and diminishing selling pressure, ETH appears positioned for significant upside in the coming months.<\/p>\n

But one thing ETH is still lagging on is network activity, as CryptoQuant flagged in a prior report<\/a>. Without more people using Ethereum, it will be tough for the token’s price to lift off and head to the moon.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

ETH has quietly slipped into historically rare territory as one market signal shows its deeply undervalued compared to bitcoin (BTC), at a ratio not seen since 2019, a new CryptoQuant report says. The signal comes from Ethereum\u2019s ETH\/BTC Market Value to Realized Value (MVRV) metric, a gauge of relative valuation that measures market sentiment and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-27267","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27267"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27267\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}