{"id":36858,"date":"2026-02-26T22:00:56","date_gmt":"2026-02-26T22:00:56","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=36858"},"modified":"2026-02-26T22:00:56","modified_gmt":"2026-02-26T22:00:56","slug":"ethereum-still-undervalued-as-bitcoin-xrp-sit-near-neutral-santiment-says","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=36858","title":{"rendered":"Ethereum Still Undervalued As Bitcoin, XRP Sit Near Neutral, Santiment Says"},"content":{"rendered":"

On-chain analytics firm Santiment has highlighted how Ethereum is still undervalued on the MVRV, while Bitcoin and XRP have turned neutral.<\/p>\n

Profitability Has Shifted For Bitcoin, XRP, & Ethereum After The Price Jump<\/h2>\n

In a new post<\/a> on X, Santiment has talked about how the 30-day Market Value to Realized Value (MVRV) Ratio<\/a> has changed for some major digital assets following the market recovery that has occurred over the past day. The MVRV Ratio is a popular on-chain indicator that compares the market cap of an asset against its Realized Cap<\/a>, a measure of the total amount of capital that investors have put into the network.<\/p>\n

In short, what the MVRV Ratio tells us about is the profit-loss status of addresses on the blockchain as a whole. When the metric is above the 1 mark, it means investors are, on average, in a state of unrealized profit. On the other hand, the indicator being under this threshold suggests the dominance of losses.<\/p>\n

Here, the MVRV Ratio of the entire network isn\u2019t of relevance, but that of a particular slice of it: the buyers from the past month. Below is the chart shared by Santiment that shows the trend in the cohort\u2019s MVRV Ratio for the five top cryptocurrencies: Bitcoin, Ethereum, XRP, Cardano, and Chainlink.<\/p>\n

\"Bitcoin<\/p>\n

From the graph, it\u2019s visible that the 30-day MVRV Ratio has risen for all five of these assets recently. This is a natural result of the price recovery that has taken place over the past day. Bitcoin has returned above $68,000, and Ethereum is back beyond $2,000.<\/p>\n

While prices across the market have surged, the MVRV Ratio isn\u2019t reflecting a uniform situation. Bitcoin, XRP, and Chainlink are all inside the neutral zone with the metric sitting at -1.4%, -0.1%, and +3.3%, respectively (note that the 0% mark corresponds to the 1 level here).<\/p>\n

Meanwhile, Ethereum has seen its 30-day trader returns remain inside a zone that the analytics firm defines as corresponding to a \u201cmildly undervalued\u201d status, despite the fact that the coin\u2019s price has surged 6% in the last 24 hours. Though with an MVRV Ratio of -5.5%, ETH is only just inside the area. On the other end of the spectrum is Cardano, which has observed the indicator fly to a value of +6.8%, entering into the \u201cmildly overvalued\u201d zone.<\/p>\n

Generally, the larger the investor profits get, the more likely they are to participate in\u00a0profit-taking<\/a>.\u00a0Due to this reason, a high value on the MVRV Ratio can be a sign that a correction could be coming. Similarly, a low value suggests the presence of a high degree of market pain, which could result in a bottom formation.<\/p>\n

\u201cBuy and dollar cost average when a coin is in an \u2018Undervalued\u2019 zone,\u201d explained Santiment. \u201cBe cautious when a coin reaches an \u2018Overvalued\u2019 zone.\u201d<\/p>\n

ETH Price<\/h2>\n

Ethereum briefly broke above $2,100 during its surge, but the coin has since witnessed a minor retrace to $2,070.<\/p>\n

\"Ethereum<\/p>","protected":false},"excerpt":{"rendered":"

On-chain analytics firm Santiment has highlighted how Ethereum is still undervalued on the MVRV, while Bitcoin and XRP have turned neutral. Profitability Has Shifted For Bitcoin, XRP, & Ethereum After The Price Jump In a new post on X, Santiment has talked about how the 30-day Market Value to Realized Value (MVRV) Ratio has changed […]<\/p>\n","protected":false},"author":1,"featured_media":36859,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45,47,51],"tags":[],"class_list":{"0":"post-36858","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-ethereum","9":"category-xrp"},"yoast_head":"\nEthereum Still Undervalued As Bitcoin, XRP Sit Near Neutral, Santiment Says - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=36858\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Still Undervalued As Bitcoin, XRP Sit Near Neutral, Santiment Says - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"On-chain analytics firm Santiment has highlighted how Ethereum is still undervalued on the MVRV, while Bitcoin and XRP have turned neutral. 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