I was reading some articles today which pointed towards such a conclusion, just curious what others think about this notion.
Would you mind linking us to the article that you read?
I would agree to some degree. I believe that bitcoin at $2900 was definitely a bubble, but at $2500 is sort of just the natural variation zone of bitcoin. I mean so many governments have legalized bitcoin as well, so this pump is not unjustified and downright a bubble.
But for Ethereum, what has changed apart from more ICOs using it as a way to get funding? Nothing. And plus, the Bancor ICO nearly crashed the whole system because it's not scalable enough. So yes, i think that Ethereum is definitely in a bubble, bitcoin was in a bubble, but the adjustments already came and price looks healthy.