Ethereum has already demonstrated that it can operate at a scale few assets in history have reached. In less than six years from launch, the network crossed a $500 billion valuation, doing so faster than any major corporation, commodity, or digital asset before it.
That milestone placed Ethereum ahead of household names across energy, technology, and finance, underscoring how quickly the network embedded itself into global markets.
- Ethereum reached a $500 billion valuation faster than any major asset in history, highlighting its early network adoption.
- Despite hosting most onchain economic activity, ETH still represents a relatively small share of the total crypto market.
- Technical indicators show ETH maintaining bullish momentum above $3,100, with structure favoring continuation rather than reversal.
Despite that early achievement, Ethereum’s current market standing tells a very different story. While the network continues to host the majority of decentralized finance, stablecoins, and onchain settlement activity, its valuation still represents only a fraction of the broader crypto market. This growing gap between utility and valuation has once again become a focal point as ETH prices grind higher.
Why Ethereum’s role looks larger than its valuation
Ethereum today secures most of the economic activity happening on public blockchains. From tokenized assets to decentralized exchanges and stablecoin transfers, the network does the heavy lifting behind the scenes. Yet market pricing suggests Ethereum is still being treated more like a secondary asset rather than critical infrastructure.
That contrast is becoming harder to ignore. Compared with Bitcoin, which reached the $500 billion mark over a longer timeframe, Ethereum achieved similar scale faster but has struggled to sustain the same level of narrative dominance. For long-term observers, this imbalance continues to raise questions about whether the market is underestimating Ethereum’s systemic role.
ETH price structure turns constructive
From a technical perspective, ETH has been steadily reclaiming ground. On the 4-hour chart, price action shows a clear sequence of higher lows since mid-December, with ETH holding comfortably above the $3,000 area. The recent push toward the $3,180-$3,200 zone reflects growing bullish momentum rather than a single breakout spike.
Momentum indicators support this view. The RSI has moved into the upper 60s, approaching overbought territory but without the sharp divergence typically seen at major local tops. This suggests strength, not exhaustion, as long as RSI holds above the midline. Meanwhile, MACD remains in positive territory, with the histogram continuing to print green bars, signaling that upside momentum is still intact.
Volume has also remained relatively stable during the advance, pointing to steady accumulation rather than speculative blow-off behavior. If ETH can maintain acceptance above $3,100, the next technical test sits near the prior highs around $3,300.
What the market may be missing
The broader implication goes beyond short-term price action. Ethereum’s rapid rise to a half-trillion-dollar valuation was not driven by hype alone, but by real network adoption. Today, that adoption is significantly larger, yet valuation multiples have not expanded at the same pace.
This leaves Ethereum in an unusual position. It functions as core infrastructure for crypto markets, but is still priced like a peripheral asset. Whether this disconnect closes through higher ETH prices or shifts in capital allocation remains one of the key questions for 2026.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
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Source: https://coindoo.com/ethereum-did-500b-faster-than-anyone-so-why-is-eth-still-undervalued/
