$ETH

Ethereum Price Predictions: A New Assessment Framework for Ethereum Describes It as 'Digital Oil', Highlighting a Bullish Case at $8,000

Current Ethereum Price: $2,480

Ethereum is significantly mispriced due to its evaluation as a technology stock rather than being a rare store of value that carries a strong yield.

Etheralis states that Ethereum is 'Digital Oil' and anticipates a bullish scenario with a price of $8,000 per Ethereum in the short term.

Ethereum faces the risk of confirming a rounded top pattern if it fails to recover from the $2,750-$2,850 range.