Ethereum Is Structurally Undervalued
It looks like the market is pricing ETH completely wrong right now. Based on analysis of 12 independent models from
ethval.com, the aggregate fair value sits around $4,800 per coin. That is basically 50% higher than where we are today.
All the key metrics are screaming that price is too low. We are talking about TVL multiplier, Staking DCF, validator economics and Metcalfe's index. All these indicators are significantly above the current market price.
This suggests that market is still treating ETH like a secondary asset, instead of the core infrastructure of the industry. The gap between price and value is getting quite big.