CryptoQuant CEO: Ethereum Undervalued by 60% Across Multiple Models

TLDR

• CryptoQuant CEO Ki Young Ju stated that Ethereum is undervalued in 10 out of 12 valuation models.
• The composite fair value of Ethereum, according to these models, is approximately $4,535.1.
• Metcalfe’s Law values Ethereum at over $9,500, suggesting it is undervalued by more than 213%.
• Other models like App Capital and L2 Ecosystem place Ethereum’s value between $4,110 and $4,920.
• Despite these optimistic valuations, Ethereum’s current price is down by 5% in the last 24 hours.

CryptoQuant CEO Ki Young Ju recently revealed that Ethereum is undervalued in 10 out of 12 key valuation models. According to the analysis, these models suggest that ETH’s price could exceed $4,000. The report comes as the crypto market shows renewed institutional interest and fresh bullish forecasts for Ethereum’s future.

10 Valuation Models Favor Ethereum’s Growth

Ju emphasized that the valuation models used to assess Ethereum’s worth are backed by trusted experts in academia and traditional finance. The data was sourced from ETHVal, a platform designed to track Ethereum’s intrinsic value using 12 different valuation methodologies. The platform’s composite fair value for Ethereum is currently estimated at $4,535.1.

This price is roughly 60% higher than Ethereum’s current trading value. Ethereum’s valuation models are ranked on a three-tier scale, with the most reliable models suggesting a much higher price. Ju shared that Metcalfe’s Law, which values a network based on the number of active users, suggests Ethereum is undervalued by more than 213%. The model predicts ETH could reach a price of $9,534.

Ethereum’s Price Valuation Across Different Models

Several other models also show that Ethereum is undervalued. For example, the App Capital model, which accounts for on-chain assets, prices Ethereum at $4,920.5. Similarly, the L2 Ecosystem model values ETH at $4,716.1, while the TVL Multiple model puts it at $4,110.5. These figures show that multiple valuation methodologies point to an upward price trajectory for Ethereum.

However, some models suggest more modest valuations. The MC/TVL Fair and Staking Scarcity models price Ethereum at $3,523.3 and $3,496.5, respectively. The Revenue Yield model, which looks at yearly network revenue, shows ETH is slightly overvalued, with a price of $1,433.8. The P/S Ratio (25X) model sets Ethereum’s value at just $923.4.

Ethereum’s price is down by 5% in the last 24 hours, despite the bullish valuation models and renewed institutional interest. Data from CoinMarketCap shows that Ethereum’s trading activity remains volatile. Despite the market pullback, Ethereum’s open interest in futures trading is expanding faster than Bitcoin or Solana, indicating growing investor engagement.

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