NewsBTC •
March 15, 2026 at 11:40 •
Analysis
According to the latest on-chain data, Ethereum appears to be entering a state of undervaluation, with the potential of rebounding to new highs. However, the question is — is it really time to buy ETH? ETH Could Drop Another 40% Before Bear Cycle Ends In a new Quicktake post on the CryptoQuant platform, crypto analyst Burak Kesmeci shared that Ethereum, the second-largest cryptocurrency by market cap, is starting to become relatively cheap. The relevant on-chain indicator in this observation is the MVRV (Market Value to Realized Value) ratio, an indicator that compares a coin’s market cap and its realized cap. Related Reading: Strategy’s Bitcoin Bet Now $3.35 Billion In The Red As Saylor Tells Investors To Wait Typically, the MVRV ratio offers insight into how the va...
