This is not true ethereum is not over price it is still under price but ethereum gas fee is over price but we can blame the market because of high demands of trading right now. But for me ethereum is under price still maybe it deserves higher price.
why do you blame the market? that's the system.
demand increases the price becomes high and transactions are getting denser and busier. transaction costs will also increase. we don't need to blame anyone in the current situation. Would you like to leave the current market and come back in 2018 when transaction fees were also very low?
I believe ethereum could cost a lot more than its current price in 10 years in the future.