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Simon Kim, founder of venture capital firm HashED, provided a real-time dashboard that estimated Ethereum’s fair value at $4,747.4. With Ethereum trading at $3,022.3, the tool suggests an undervaluation of 56.9%. The panel is updated every two minutes and uses eight different headings.
collect Ethereum Valuation Dashboard Between traditional finance methods and cryptocurrency analysis. Kim aims to provide a rigorous valuation approach, which reflects the greater institutional interest in fundamental analysis in the cryptocurrency markets.
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The dashboard combines traditional valuation methods with native cryptocurrency valuation methods
Kim’s dashboard includes eight models to assess the subjective value of Ethereum. Traditional financing methods include discounted cash flow (DCF), which is based on storage revenue, a price-to-earnings ratio (P/E) set at 25x, and revenue yield analysis. Institutional investors have long used it These tools To evaluate stocks and bonds.
The panel also uses cryptocurrency-specific metrics designed to capture blockchain dynamics. These include the Total Value Locked (TVL) multiplier, storage scarcity, TVL market value at fair value, Metcalfe’s Law and the Layer 2 ecosystem valuation. 21Shares research indicates Network-based models are becoming increasingly popular as organizations seek to determine blockchain adoption and its impacts.
Metcalf’s law, which states that the value of the network increases with the size of the user base, showed the highest valuation of $9,583.6 and presented that Ethereum was undervalued by 217.1%. The DCF model reached $9,067.8, indicating a 200% write-down. However, the P/E ratio model suggested that Ethereum is 70.2% overvalued at $899.2, and the Earnings Yield indicated a 52.4% undervaluation at $1,438.8.
A composite fair value of $4,747.4 is calculated by weighting each model by reliability – with models with high reliability being 9 times more influential, medium 5 times and low 2 times. These ratings yielded five buy signals, one hold signal and two sell signals across the eight models.
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Highly reliable models include MC/TVL for fair value, Metcalf’s law, discounted cash flow (storage yield), price-to-earnings ratio, and revenue yields. Dual TVL is rated as Medium Visibility, while the Storage Scarcity and Tier 2 Ecosystem models are rated as Low Reliability.
This approach highlights the difficulty of valuing cryptocurrencies. While traditional metrics such as price-to-earnings ratios and revenue multiples offer proven methodologies, they can miss critical network dynamics. Specific cryptocurrency tools like Metcalfe’s Law suggest frameworks rooted in blockchain adoption, although accurate measurement of user activity remains a challenge.
Market data reveals changes in Ethereum’s fundamentals
Current market data shows that the price of Ethereum is $3,022.3 with a market capitalization of $365.4 billion and a 24-hour trading volume of $21 billion. The price remains 38.8% below its all-time high of $4,946.1. Ethereum’s market dominance is 16%, and the ETH/BTC ratio is 24.7% compared to the previous year at 0.03243. The dashboard also shows Ethereum’s circulating supply and exchange reserves, as well as on-chain activity, including the total closed value and staked amount of Ethereum.
Kim, CEO and Managing Partner of Hashid, has positioned the company as a venture capital leader in the blockchain space. His credentials include speaking at major industry events such as the Crypto AI Summit 2025 and KOOM 2025, where he represents Hasid’s focus on technology-driven investing.
Prominent warnings on the dashboard emphasize that all headings have limitations. The tool advises investors to consider a range of factors beyond quantitative analysis alone. This reflects the challenges in applying legacy frameworks to a rapidly evolving asset class.
Recent price movements reinforce the need for solid analysis. a report Technical Analysis of ZebPay It shows that Ethereum broke out of a trading range between $2,350 and $2,750 in late November 2024, rising almost 25% to $3,442 before finding support at $3,015. The major resistance is located at $3,750, while $3,000 is a crucial support.
