$ETH Ethereum, currently around $2,531, shows a mild pullback from an intraday high of ~$2,770. Analysts using Metcalfe’s Law models suggest ETH may be undervalued: some research indicates it’s trading at a 20–30 % discount to its network‑driven fair value . Technical readings are mixed—short‑term signals lean neutral to buy —pointing to moderate momentum. Fundamentals remain solid: robust DeFi and NFT activity, Layer‑2 growth, and ecosystem updates support ETH’s long‑term case. So, while short‑term fluctuations may persist, Ethereum’s valuation appears reasonable to slightly below fair value, making it potentially appealing at current levels.