Ethereum Price Seems to be Undervalued

The chart above shows at the end of August 2018 Ethereum was undervalued by about 10% compared to its network activity. As proven in the past with Bitcoin’s correlation between price and network activity we are finding a very similar correlation with Ethereum’s price and network activity.

Ethereum finished August 2018 around $280, making it approximately 10% undervalued. With current prices around $225 that makes it undervalued by approximately 28% as it’s network activity has not decreased.

https://seekingalpha.com/amp/article/4207841-ethereum-value-indicator-experimental