Nikolaos Panigirtzoglou, the Managing Director and Strategist of JPMorgan, affirmed that Ether’s fair value is way lower than its current price. The strategist took various measures of network activity and tried to translate them into a number that represented the fair value of the asset. Later, Panigirtzoglou and his team member calculated Ether’s fair value at $1,500, which is currently 55% lower than its market price.