ETH-USD
Ethereum
Crypto
Price today
$1,938
Recent high
$4,954
-60.9% from high · cheap vs its own history
charlieapp.co
Index ETFs don't have their own calculated Value. They hold hundreds of companies — we work out whether the group is expensive or cheap versus its history.
From high
-61%
all-time high
Cycle low
$95.18
historic floor
Premium
+1936%
above the low
Current cycle zone
You are 61% below the all-time high, and 1936% above the low of the cycle. The signal comes from where you sit in that range.
The floor of the cycle is at $95.18; the ceiling, at $4,953.73. The closer to the floor, the better the spot to build in slowly.
It has no intrinsic value from fundamentals — the range comes from price highs and lows. The final call is yours; buying gradually (DCA) means a little at a time.
The business
Ethereum is like the operating system where programmable money runs.
Ethereum is the leading network for 'smart contracts' (programs that run on their own without intermediaries). It charges fees for every transaction and for creating each block, paid in its coin ETH, and since an upgrade called EIP-1559, part of those fees are 'burned' (destroyed, reducing the amount in circulation). Today it powers dollar-pegged stablecoins, banking-free finance (DeFi), and the digitization of real-world assets.
It has a large community of developers who attract each other, and it holds the deepest liquidity (money available to trade) in banking-free finance and stablecoins. Its network is spread across many validators (those who confirm the operations), and the fact that 30% of all coins are 'staked' (locked to help secure the network in exchange for a reward) makes it very expensive to attack or copy. Solana competes on processing speed, but not on trust from big institutions.
Revenue history
From $9.9B to $1.6B in 4 years. Sales are shrinking — the engine is losing steam.
Catalysts and risks
A BlackRock exchange-traded fund (ETF) called ETHB that includes built-in 'staking', offering institutions a 3% yield.
The migration of loans and digitized real-world assets: $12.5 trillion in traditional assets are moving to digital format on Ethereum.
30% of coins locked in staking reduces the amount available to sell in the market.
Solana and other native networks (L1) gain ground in payments and very fast trading operations.
U.S. regulation of staking could force the dismantling of products designed for institutions.
Relying on auxiliary networks that speed up Ethereum (the L2s) means the main network captures fewer fees.
Charlie's note
“You pay a demanding price for the only network with institutional trust and real liquidity; its developer edge and that 30% locked in staking justify paying up, but you have to enter with patience and the stomach to withstand the sharp price swings.”
Analysis · May 2026
Charlie informs, it doesn't advise. No information should be taken as a recommendation to buy or sell.