Ethereum
Ethereum’s True Value? Lower Than You Think

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Bitcoin maximalist Samson Mow has doubled up on his value criticism of Ethereum’s price, asserting ETH is still overvalued despite Bitcoin’s price almost quadrupling since 2022. The JAN3 CEO referred to the glaring disparity in performance between the two top cryptocurrencies over a near three-year span.
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Price Gap Grows As Bitcoin Rises
According to data, Ethereum now sits at $1,558, essentially the same as its August 2022 price of $1,600. Meanwhile, Bitcoin has climbed from $21,500 to $82,302 – an eye-popping 270% rise. The widening gap has only served to bolster Mow’s contention that Ethereum’s price does not correlate with its fundamentals.
Mow re-tweeted his August 23, 2022 post this week to emphasize his steadfast stance. His criticism focuses on supply variations between the cryptocurrencies. Bitcoin has less than 21 million overall coins, while Ethereum boasts 122 million circulating tokens.
#Ethereum is overvalued.
1 BTC = $21.5k
1 ETH = $1.6k21M BTC supply (actually less)
122M ETH supply (72M premined)Adjusted for unit bias (ETH price at 21M units) one ETH would be $9.3k.
So some people are paying $9.3k per unit of something that’s 60% printed from thin air.
— Samson Mow (@Excellion) August 23, 2022
‘60% Minted Out Of Thin Air’ Claim Targets Ethereum’s Origins
Based on Mow’s quotations, about 72 million ETH tokens (approximately 60% of the supply) were premined at the time of Ethereum’s launch. Token creation before the start of public mining has been quite an issue for purists in cryptocurrency for some time.
Possibly, the Bitcoin maximalist suggested that if 21 million coins were all there would be in supply for Ethereum like in Bitcoin, then each ETH would be valued today at around $9,300. Mow is again targeting investors in Ethereum, saying they are paying too much for an asset whose supply is exaggerated.
Sensitive To Macroeconomic Forces
Ethereum recently fell to a multi-year low of $1,380 on the back of global tariff trade war tensions. The cryptocurrency bounced back immediately to $1,680 on April 9 after US President Donald Trump declared a three-month tariff tariff hike pause on various countries, with China being the exception.
These movements illustrate how both cryptocurrencies are still sensitive to macroeconomic forces even as they have different value propositions and market performances.
Ether down in the last week. Source: Coingecko
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Long-Standing Campaign Against Ethereum Continues
This is not Mow’s first time criticizing Ethereum. He has been vocal against ETH for years. In November 2024, he cautioned investors that the fate of Ethereum could be the same as their favorite tokens.
Mow, who forecasts Bitcoin to hit $1 million this year, has told investors to sell everything, including Ethereum, and invest in Bitcoin instead.
The debate underscores deep-seated differences in cryptocurrency investment philosophies. While Bitcoin maximalists such as Mow focus on scarcity and Bitcoin’s “digital gold” status, Ethereum supporters highlight the platform’s smart contract abilities and wider applications ecosystem.
As the price differential between the two leading cryptocurrencies continues to expand, these debates regarding relative value and suitable pricing models draw greater interest from investors and market analysts in common.
Featured image from Reuters, chart from TradingView
Ethereum
Ethereum Reclaims Key Support At $1,574, Here’s The Next Price Target

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Ethereum
Ethereum Stays Below Realized Price: Once-In-A-Cycle Opportunity?

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Ethereum surprised the market with a powerful bounce on Wednesday, surging more than 21% from its recent low of $1,380. The move came shortly after US President Donald Trump announced a 90-day pause on reciprocal tariffs for all countries except China, which now faces a 145% tariff. This development injected optimism into global markets, triggering a broad recovery across risk assets — with ETH among the top beneficiaries.
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Despite the relief rally, Ethereum still trades below critical technical levels, and the broader price structure suggests ongoing consolidation rather than a confirmed reversal. Analysts remain cautious, as the asset’s inability to reclaim the $1,800–$2,000 range keeps the long-term trend in question.
However, on-chain data from CryptoQuant adds an intriguing layer to the current outlook. Ethereum’s price is still trading below its realized price — the average price at which all ETH in circulation last moved. Historically, this scenario has represented a high-probability accumulation zone, often appearing once per cycle.
According to some analysts, this could present a rare buying opportunity for contrarian investors willing to look beyond short-term volatility and macro uncertainty. As Ethereum continues to consolidate, all eyes are on whether bulls can build on this momentum.
Ethereum Faces Critical Test Amid Volatility And Trade Tensions
Ethereum is at a pivotal point after enduring weeks of relentless selling pressure and extreme volatility. The broader market has been shaken by macroeconomic uncertainty and escalating global trade tensions, with US tariffs under Trump’s administration continuing to rattle investor confidence. The crypto market, particularly altcoins like Ethereum, has taken the brunt of this instability. ETH has lost over 60% of its value since late December, raising fears of a prolonged bear market.
However, a shift may be unfolding. Bulls are beginning to reappear, with Ethereum bouncing and setting a strong support above $1,400. This recovery follows aggressive price swings not only in crypto but also in global equities, which have seen significant rebounds following the announcement of a 90-day pause on reciprocal tariffs for all countries except China.
Still, Ethereum remains below crucial resistance levels, especially the $2,000 mark — a level that represents more than just a psychological barrier. According to top analyst Quinten Francois, ETH is currently trading under its realized price, which averages the cost basis of all coins in circulation.

Historically, such conditions have presented rare buying opportunities. Francois suggests this might be a once-in-a-cycle — or even once-in-a-lifetime — chance for long-term investors to accumulate ETH at undervalued levels. The coming days will determine whether bulls can reclaim key resistance and shift sentiment toward a sustained recovery.
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Price Action Details: Key Levels To Reclaim
Ethereum is currently trading at $1,650 after failing to break above the $1,700 level, a psychological and technical barrier that continues to cap bullish momentum. Despite a sharp rebound earlier in the week, ETH remains stuck in a consolidation range and is struggling to find direction amid broader market uncertainty.

For bulls to regain control and initiate a stronger recovery, Ethereum must push above the $1,850 mark — a level aligned with the 4-hour 200-day moving average (MA) and exponential moving average (EMA). These indicators have acted as short-term resistance since ETH fell below the $2,000 mark in February and reclaiming them is critical for confirming a shift in trend.
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However, if Ethereum fails to break above $1,750 in the coming days, downside risk increases significantly. A rejection at current levels could trigger another wave of selling, potentially sending the price below the $1,500 support zone. This would put further pressure on bulls and undermine recent gains.
With market sentiment still fragile and macroeconomic uncertainty weighing on investor confidence, Ethereum remains at a crucial juncture where a decisive move above resistance is needed to shift the outlook from bearish to neutral.
Featured image from Dall-E, chart from TradingView
Ethereum
Ethereum Inverse Head And Shoulders – The Pattern That Could Spark A Reversal


Beneath Ethereum’s recent price stagnation lies a potentially explosive setup taking shape. The emergence of a near-perfect inverse head and shoulders pattern suggests that ETH may be preparing to shake off its sluggishness. This stealthy accumulation pattern, now approaching its make-or-break moment, has historically preceded some of Ethereum’s most dramatic rallies.
Ethereum’s current chart structure reflects this classic pattern, where the price has formed a “left shoulder,” followed by a deeper “head” and a “right shoulder,” with the neckline acting as a critical resistance level.
Understanding Ethereum’s Inverse H&S Formation
A surge for Ethereum is becoming increasingly compelling, driven by the formation of an inverse head and shoulders (H&S) pattern. This reversal pattern suggests that Ethereum could be on the verge of a significant upward move after a period of consolidation. If the pattern completes successfully, the inverse H&S formation typically indicates an imminent bullish trend.
One key factor to watch is the neckline of the inverse H&S, which serves as a critical resistance level represented by a yellow line on the chart. For Ethereum to confirm this bullish reversal, it needs to break above the neckline. A successful breakout above this level would signal growing buying pressure, potentially triggering a surge toward higher price levels.

Moreover, supporting indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) show improving momentum, further strengthening the case for a rally. The RSI, in particular, remains in a neutral zone, giving room for more upward movement without hitting overbought territory.
With these technical signals in place, ETH might be preparing for a major surge, especially if it can hold above critical support levels and push through the neckline of the inverse head and shoulders pattern.
Ether’s Bullish Reversal: Key Levels To Watch
Beyond the neckline, Ethereum faces additional resistance at several strategic levels. The first notable level is around $2,160. A break above this zone may push Ethereum to challenge the next resistance at $2,858, where selling pressure has historically been more intense.
If the price can push through these levels, ETH would be primed for a potential run toward $3,360, a critical area marked by previous price highs. Each of these resistance levels represents psychological barriers for traders.
As ETH approaches these zones, it will be essential to observe the volume and momentum accompanying the price action. A breakout above these resistance points, confirmed by increasing volume and positive technical indicators, hints at a prolonged rally, pushing Ethereum to even higher price targets.
Featured image from Pexels, chart from Tradingview.com

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