Ethereum is "severely undervalued," according to a veteran analyst.
Veteran crypto analyst Armando Pantoja believes Ethereum (ETH) is significantly undervalued, estimating its fair price to be $7,000–$8,000, which is roughly 200% higher than its current levels. He attributes this mispricing to the market's lack of understanding of tech adoption, a Bybit hack affecting Ethereum, and sustained institutional shorting.
Pantoja argues that many traders dismissed Ethereum in favour of newer programmable blockchains like Solana, but he insists that "technology takes a long time to adopt" and Ethereum is better positioned for widespread adoption. He compares Ether's current "compressed" state to a spring with potential energy, ready to expand.
He also highlights the disparity between Bitcoin's recent 800% gain and Ether, which is still trading at half its November 2021 peak of $4,700. If Ethereum had seen similar gains to Bitcoin, he suggests it would be at $9,000 today, and could even reach $18,000–$19,000 if it merely restored past parity with Bitcoin.
Despite emerging rivals, Pantoja maintains that Ethereum boasts the largest developer community and the most institutional familiarity, making it a low-risk asset with high potential for rapid gains once short pressure subsides.
