Ethereum Price Ratio Hints at Potential Market Rally

A recent analysis reveals that Ethereum’s price is undervalued compared to Bitcoin, marking the first time since 2019. Historically, this trend has been associated with ETH outperforming BTC, and analysts are keeping an eye on the potential for a market rally. The MVRV ratio, a key metric for measuring asset value relative to Bitcoin, indicates that Ethereum is currently undervalued in the crypto market.