Ethereum (ETH) $2,485.07the market has rarely declined to a level of valuation. According to a new report published by Cryptoquant, Ethereum’s value (MVRV) ratio with its market value opposite the BTC (MVRV) has recently decreased to the low levels observed in 2019. This indicator is Ethereum’s Bitcoin 
$102,846.63Compared to one of the lowest values in the past, and when this rate went down to these levels, he gained serious value after Ethereum’s price and left behind BTC.
The interest of corporate investors is increasing
Investors do not seem to be indifferent to this low valuation. According to Cryptoquant’s data, a remarkable increase in the demand for the Ethereum ETF has experienced. Since the end of April, ETH/BTC ETF asset rate has shown a rapid rise. This tendency reflects the expectations of many corporate investors that Ethereum can cross Bitcoin in the coming period.
Behind this expectation, Ethereum’s recent pectra update and macroeconomic conditions in general may have been effective. ETH/BTC price ratio has been recovered by 38 percent of the lowest level since January 2020. These developments strengthen the idea that the purchase appetite among market participants has increased and that the period, which is defined as the “lower season, may be close.
Market Indicators and On-Chain Movements
The optimism for Ethereum’s performance is not limited to price rates. On-Chain data shows that investor interest has increased. Last week, the ratio of the ETH Spot transaction volume to BTC increased to 0.89, reaching the highest level since August 2024. This is likened to the picture that took place in 2019-2021 and when Ethereum gained four times more value than BTC.
In contrast, the amount of ETH sent to the stock market according to Cryptoquant has decreased to the lowest level since 2020. Usually increasing ETH transfers to stock exchanges show sales pressure, while the current decrease reveals that investors expect higher prices in the near future.
March Zheng, Bizantine Capital General Partner: “ETH has been the main indicator for alternative tokens on the chain, and often serious increases have led to a wider altcoin rise.”
At this stage, ETH’s definite overcoming the 365 -day moving average against BTC may be a critical break for the market. A permanent movement above this level is interpreted as Ethereum can be carried to higher levels.
Risks and Uncertainties
Despite all the positive data, it is stated that some difficulties continue in terms of Ethereum. According to Cryptoquant, it is emphasized that it may be difficult to permanently move the price without a significant increase in the number of users in the Ethereum network. The fact that the network activity is not increased creates question marks in terms of the sustainability of price performance.
Although the increase in the interest of corporate investors and the low valuation in the market offer a positive appearance in the short term, the necessity of a significant rise in the general use of the ecosystem in order for Ethereum to gain steady value in the long term stands out.
Ethereum is in a rare proportion of worthlessness in its history. Investor interest is constantly increasing. Increasing the positions of corporate investors, ETH transfers on the stock exchanges are minimized. However, the low economic activity within the network may limit price increases. Investors who take into account the market dynamics of Ethereum need to pay attention not only to short -term indicators, but also the basic activities and the growth of the network.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
