Is Ethereum cheap right now?
Ethereum is the largest smart-contract platform, and fairprice.fyi scores it the same way it scores everything else: we divide Ethereum’s price by its 200-week moving average — a slow, roughly four-year trend — and map the result onto a Very Cheap → Very Expensive scale. The gauge above is Ethereum’s live reading right now.
What “cheap” and “expensive” mean for Ethereum
Ethereum uses the same wide crypto bands as Bitcoin, because it too swings hard. At or below its 200-week average it reads Very Cheap; up to about 1.5× is Cheap; 1.5–2.5× is Fair Value; 2.5–4× is Expensive; and beyond 4× is Very Expensive. If anything, Ethereum tends to travel through these bands even faster than Bitcoin.
Ethereum at past extremes
Ethereum has swung from deep discounts to its 200-week average in the 2018–19 and 2022 bear markets to steep premiums near the tops of its bull runs. It is younger than Bitcoin, so its 200-week trend has less history behind it — but that line is now well established, and the pattern of pessimism at the lows and euphoria at the highs looks familiar.
Not financial advice.
Frequently asked
What does “cheap” mean for Ethereum here?
That Ethereum’s price is low relative to its own 200-week average. It is a valuation lens, not a prediction that ETH will rise.
Is Ethereum scored differently from Bitcoin?
No — both use the same wide crypto bands, but each is measured against its own 200-week average, so the verdicts move independently.
Why the 200-week moving average?
Roughly four years of data smooths out Ethereum’s volatility, so a reading far from the average is a real extreme rather than noise.