Ethereum Valuation Based on M2 Growth: A Bullish Outlook Despite Past Corrections

The opinion suggests that Eric Trump has once again tried to criticize #ETH, claiming that when considering the growth of the money supply M2, Ethereum should currently be valued above $8,000. This comment was made again, reflecting a consistent bullish outlook. The person recalls predicting this back in May, implying they had anticipated ETH's rise to these levels. However, they also note that earlier this year, after Eric Trump recommended buying ETH around $2,800, its price dropped sharply to about $1,400 in February. The overall sentiment indicates ongoing speculation about Ethereum's undervaluation relative to M2 growth. The discussion appears rooted in technical and macroeconomic analysis, considering the increase in money supply as a metric for valuation. The tone mixes analytical insight with some nostalgia about past forecasts and current market movements, highlighting the volatility and unpredictability of crypto investments.