<ul><li>The ETH/BTC MVRV ratio has dropped below historical thresholds, indicating potential strong ETH outperformance against Bitcoin.</li><li>Historically, when the ETH/BTC MVRV entered the green undervaluation zone, it marked turning points for Ethereum outperforming Bitcoin in subsequent months.</li><li>Currently, the ETH/BTC price is around 0.04, with the MVRV ratio significantly below its 365-day moving average.</li><li>While this signals favorable opportunities for ETH bulls, caution is advised due to factors like supply pressure, weak demand, and flat activity, which could delay or prevent a quick rebound.</li></ul>

Ethereum Enters Extreme Undervaluation Against Bitcoin — Echoes of 2019?

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