CryptoQuant: ETH lags behind BTC by 44% after switching to Proof-Of-Stake

Time：2024-09-06 02:00 Source：Internet Copy share

Analysts also emphasized that ETH continues to lag behind BTC even after ETF adoption.The zone of undervaluation for ETH is 0.02. Therefore, the asset probably needs to fall further.The ETH/BTC price is currently at 0.0425, the lowest since April 2021.CryptoQuant also noted that Ethereum is behind Solana and BNB by 53% and 18% respectively.

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