I know what you mean @grahamsnoplus1, but I think you need to look at the the overall ecosystem that's being supported by Ethereum. The speed of it's network is much much faster than Bitcoin. So I don't think the price is too high compared to what it's uses are. You can read more about it in my post here:

https://steemit.com/ethereum/@cryptodog/why-i-think-ethereum-price-will-go-much-higher

Cheers.