Hashed has released an analysis featuring 10 valuation models for Ethereum, with 8 indicating that ETH is currently undervalued. The weighted average of these models suggests a fair price exceeding $4,700, which is significantly above the current market price. The models employ various methodologies, including TVL multipliers, staking scarcity premiums, and cash flow discounting. Despite the overall indication of undervaluation, the reliability of these models varies. TVL-based models are considered less reliable due to their simplistic assumptions, while the yield-based bond model, regarded as highly reliable, suggests a fair price of approximately $1,941.50. The report underscores the absence of a standardized valuation framework for Ethereum within the Web3 industry.