Internet reports that a new report from CryptoQuant stated that ETH has quietly fallen to a historically rare range because of a market signal that ETH is seriously undervalued compared to BTC. The signal comes from Ethereum's ETH/BTC Market Value and Realization Value (MVRV) indicator, a relative valuation indicator used to measure market sentiment and historical trading patterns. Historically, whenever this indicator reaches a similar low level, ETH has achieved a significant rise and significantly outperformed BTC. CryptoQuant believes investors seem to have noticed this. With demand for ETH ETFs rising sharply, the holding ratio of ETH/BTC ETFs has increased significantly since the end of April. This allocation shift suggests that institutional investors expect ETH to outperform BTC, which may be driven by the recent Pectra upgrade or a more favorable macroeconomic environment. CryptoQuant believes that the current ETH/BTC price ratio has rebounded sharply, indicating that investors and traders are betting that the market has hit bottom and that the "altcoin season" may arrive soon.