Ethereum Surges 38% Against Bitcoin in Market Rally

Bitcoin’s price has remained relatively stable in recent days, but the Ethereum (ETH) price surged by more than 38% against Bitcoin since early April. Analysts like Michaël van de Poppe and Cyclop attributed this surge to the historical undervaluation of Ethereum. These analysts highlighted low MVRV ratios as a key factor influencing bullish sentiment. The rally is in line with historically strong performance for ETH, particularly in May, leading to optimism about its future. 2025’s market dynamics show significant strength in Ethereum.