Ethereum isn't worth nearly as much as it is valued at right now. It's riding the on the tail of Dash but that gravy train is about to dry out, too. Ethereum is going to reestablish itself back in the .01-.02 mark where it belongs. Who else is putting in big shorts?
You cannot evaluate anything just like that ,if people are investing in it then it does have the value and that can be said about bitcoin too because from a general perspective a common man cannot understand what the reason for a digital token to be valued and they always argue that the price is always hyped and that is the case with all the alt coins now,people now start speculating .