The ether-bitcoin (ETH/BTC) ratio has reached an “extremely undervalued” zone in a move that flashes a historically bullish signal — but traders betting on a sharp ether (ETH) recovery may want to pause.According to data from on-chain data firm CryptoQuant, the ETH/BTC market value to realized value (MVRV) ratio has dropped to multi-year lows to reach levels that have previously marked periods of ETH outperformance against BTC.The exchange rate for the two tokens, conventionally called a ratio, peaked above 0.08 in late 2021
source: https://www.coindesk.com/markets/2025/05/08/ether-bitcoin-ratio-signals-eth-is-extremely-undervalued-but-headwinds-remain-cryptoquant