Is Ethereum Bottoming Out Against Bitcoin? CryptoQuant Weighs In
TL;DR
- CryptoQuant says Ethereum is trading about 17% below its realized price, a level that has historically aligned with long-term undervaluation.
- Several onchain metrics are improving against Bitcoin, but only two of five major bottom indicators have reached historical reversal levels.
- Growing staking participation, lower exchange balances, and renewed institutional accumulation continue to strengthen Ethereum’s long-term fundamentals despite short-term uncertainty.
Ethereum is drawing renewed attention as investors evaluate whether Ethereum is finally approaching a lasting bottom against Bitcoin. The latest findings from CryptoQuant suggest that valuation metrics are becoming increasingly favorable, although the data indicates the recovery process is still incomplete.
Ethereum is cheap, but the data says the bottom isn’t in yet.
ETH trades 17% below its realized price, but only two of five signals have reached historical bottoming levels.
Selling pressure is easing. Capitulation is still missing. pic.twitter.com/lYIfHpslsl
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