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Breaking News: Bitcoin Price Nearing Bottom? Key Indicators Suggest End Of Downturn–Bloomberg
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Breaking News: Bitcoin Price Nearing Bottom? Key Indicators Suggest End Of Downturn–Bloomberg

Ethereum Currently Undervalued – But Is It Time To Buy?

Opeyemi Sule
Opeyemi Sule
Last Updated: March 15, 2026 11:37 am
2 mins read
Ethereum

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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.

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Typically, the MVRV ratio offers insight into how the value the investors (of Ethereum, in this case) hold (the market cap) measures against the value they put in (the realized cap). When the value of this ratio is greater than one, it means that more investors are in profit at the moment. On the flip side, a lower-than-one ratio suggests that holders are currently underwater.

Typically, high MVRV values are considered cycle top signals, while a low ratio indicates that the cryptocurrency has either reached or is close to a bottom. According to Kesmeci, the Ethereum MVRV is currently at 0.9, meaning that ETH might be getting undervalued.

However, Kesmeci mentioned that while Ethereum is indeed cheap, there is still a chance the altcoin gets cheaper from its current price point. To explain this point, the analyst highlighted the Realized Price Bands metric, noting that the ETH price has often gravitated toward the green band (the Realized Price lower band) in bear cycles.

Ethereum
Source: CryptoQuant

According to data from CryptoQuant, the green band currently sits at around $1,152, suggesting a potential further downturn of over 40% from the current price point.

Kesmeci added:

So yes, MVRV at 0.9 confirms ETH is getting cheaper. But the chart also clearly shows that MVRV has a habit of pushing down to 0.5 and below during full bear cycles. The Realized Price Bands confirm the same picture. Ethereum can dive into much colder waters from here.
In summary, the Ethereum price is at risk of further downside from its current price point, despite being nearly 60% down from the current cycle high.

Prediction Market Bets On Ether Losing No. 2 Crypto Spot

According to an ongoing prediction market on Polymarket, Ethereum is being projected to lose its position as the second-largest cryptocurrency. The odds of the altcoin getting flipped rose to as high as 57% on the prediction market platform on Saturday.

As of this writing, the Ether token is valued at around $2,090, with a market capitalization of over $253.1 billion. According to CoinGecko, the closest cryptocurrency (excluding stablecoins) to ETH is BNB, with a market capitalization of over $89 billion.

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The price of ETH on the daily timeframe | Source: ETHUSDT chart from TradingView

Featured image by DALL-E, chart from TradingView

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Opeyemi Sule
Opeyemi Sule

Opeyemi Sule

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies.

Read more

Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi’s favorite part - in fact, far from it.

Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. “This emphasizes the intricacies of blockchain technology and the cryptocurrency market,” he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger.

When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi’s Spotify Daily Mix.

Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books - ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K.
Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that.

Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi’s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings.

Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that “whatever is worth doing at all is worth doing well.” Hence, you will always find him striving to be better.

Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon - cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment - spreading the crypto gospel to the rest of the world.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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