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

Ethereum has finally broken through a key resistance level, trading above $1,900 after pushing past the long-standing $1,850 barrier. This move marks the beginning of a breakout many hoped for—but few expected to arrive so soon. After weeks of hesitation, bearish pressure, and uncertain momentum, ETH is showing renewed strength just as broader market sentiment begins to shift. Related Reading: Bitcoin Shows Impressive 4H Strength – A Shift Toward Upside Break Adding weight to the breakout, new insights from CryptoQuant reveal that Ethereum is now extremely undervalued compared to Bitcoin, the first time this has occurred since 2019 source: https://www.newsbtc.com/news/ethereum/ethereum-extremely-undervalued-against-btc-supply-pressure-may-delay-recovery/