CryptoQuant: Indicators show that ETH will rise more than BTC in the future, and the counterfeit products season will come soon

A new report from CryptoQuant says that ETH has quietly fallen into a historically rare range as a market signal shows that ETH is significantly undervalued compared to BTC. The signal comes from Ethereum's ETH/BTC Market Value vs. Realized Value (MVRV) indicator, which is a relative valuation metric used to measure market sentiment and historical trading patterns. Historically, whenever the indicator reaches a similar low level, ETH has achieved a significant rally and outperformed BTC by a wide margin. CryptoQuant believes that investors seem to have taken notice. With the demand for ETH ETFs rising sharply, the ETH/BTC ETF holdings have risen significantly since the end of April. This allocation shift suggests that institutional investors expect ETH to outperform BTC, likely driven by the recent Pectra upgrade or a more favorable macroeconomic environment. CryptoQuant believes that the current ETH/BTC price ratio has rebounded significantly, indicating that investors and traders are betting that the market has bottomed out and that the "counterfeit products season" may soon arrive.