I see a lot of ethereum fudding going on. I think people just want to make a killing buying in on the dip so they make it sound like all it lost. If the current congestion means ethereum is worthless then so is bitcoin.
BTC and ETH are not even in the same neighborhood. If any coin is overvalued during this crazy crypto pump across all coins, the winner is surely ETH.
Realistically speaking it
should not be valued for as much as it does.