On Sunday (July 17), Andrew Kang, Co-Founder and Partner at crypto-focused investment firm Mechanism Capital, talked about his fundamental analysis of Ethereum ($ETH).

This is Kang’s bio:

Andrew Kang is a cryptocurrency entrepreneur and investor. He is the Co-Founder of Mechanism Capital which invests in cryptocurrency through prop trading, mining, ventures, and secondary markets. Kang previously worked in portfolio management and venture capital at Digital Capital Management. In 2020, Kang was deeply involved in various DeFi related ventures, he is also very active in providing analysis on DeFi projects through Twitter.

Earlier today, Kang took to Twitter to make a few observations about Ethereum:

However, not everyone agrees with Kang’s assessment.

For example, macro-economist and crypto analyst/trader Alex Krüger offered this comment on Kang’s fundamental analysis:

Value is subjective. Narratives shift. When it comes to crypto (layer 1s) valuation metrics are only useful for driving narratives. P/E is a rather useless metric for long term analysis when earnings are so volatile and reflexive.

According to data by TradingView, on crypto exchange Coinbase, $ETH is currently (as of 22:13 UTC on July 17) trading around$1358.70, up 1% in the past 24-hour period.

Source: TradingView

Image Credit

Featured Image by AgelessFinance from Pixabay