$ETH Ethereum Price Predictions: A New Evaluation Framework for Ethereum Describes it as 'Digital Oil', Highlighting a Bullish Case at $8000

Current Ethereum Price: $2480

Ethereum is significantly mispriced due to its valuation as a tech stock rather than as a rare store of value with strong yield potential.

Etherealize states that Ethereum is 'Digital Oil' and expects a bullish scenario with a price of $8000 per Ethereum in the short term.

Ethereum faces the risk of confirming a rounded top pattern if it fails to recover from the $2750-$2850 range.