Ethereum Hits Extreme Undervaluation – CryptoQuant Predicts 38% ETH/BTC Surge Imminent
Ethereum’s flashing buy signal just got louder. CryptoQuant data reveals ETH is trading at levels historically followed by double-digit rallies against Bitcoin—and this time, Wall Street’s algorithmic traders might actually pay attention.
Key metrics scream undervalued: Ethereum’s MVRV ratio sits near three-year lows while Bitcoin dominance creeps toward overbought territory. When these conditions last appeared in 2021, ETH/BTC ripped 142% in 90 days.
Now for the cynical kicker: If the pattern holds, ETH could moon just as traditional finance ’discovers’ crypto again—right after dumping it during the last bear market. The ultimate ’buy when there’s blood’ test arrives.
ETH-to-BTC Spot Trading Volume Ratio Spike
The ETH-to-BTC spot trading volume ratio has spiked to 0.89, its highest since August 2024. This metric echoes a similar trend observed between 2019 and 2021, when ETH outperformed bitcoin by a factor of four.
Institutional flows are also pointing in Ethereum’s favor. CryptoQuant notes a sharp uptick in the ETF holdings ratio of ETH relative to BTC since late April.
This implies that fund managers are allocating more heavily to Ethereum, possibly in anticipation of favorable market dynamics such as recent scaling improvements or a more ETH-friendly macro outlook.
Inflow Data Reveals Bullish Indicator for ETH
According to CryptoQuant, exchange inflow data reveals another bullish indicator for ETH. The ETH/BTC exchange inflow ratio has dropped to its lowest level since 2020, suggesting that fewer ETH holders are sending coins to exchanges to sell. In contrast, Bitcoin appears to be facing comparatively higher selling pressure.
CryptoQuant’s data paints a picture of growing ETH demand amid reduced selling pressure and relative undervaluation. If historical patterns hold true, Ethereum may be on the verge of regaining its dominance over Bitcoin and potentially leading the broader altcoin market into a new phase of growth.
