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Ethereum ‘Extremely Undervalued Against BTC’ – Supply Pressure May Delay Recovery

  • Ethereum broke above $1,900, signaling a potential bullish breakout in the market.
  • CryptoQuant data indicates Ethereum is undervalued compared to Bitcoin, potentially leading to strong outperformance.
  • Despite challenges such as supply pressure and flat network activity, Ethereum is approaching the critical $2,000 mark with renewed strength.
  • Technical analysis suggests that Ethereum's breakout is backed by volume and structure, with potential for sustained upward momentum.

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