Danish macroeconomist Henrik Zeberg has been sounding the alarm about a massive financial market crash. He believes we’re in the middle of the biggest economic bubble ever seen. Despite this warning, Zeberg recently shared a bold prediction: Ethereum (ETH) could see a big price surge before everything comes crashing down.

According to Zeberg, the era of easy money is over. Central banks can no longer rely on printing money without consequences, especially now that inflation is back in the picture. He believes a major crash is just around the corner—possibly worse than anything the world has faced in decades.

Still, before the crash hits, he expects a dramatic market rally. Zeberg calls this a “blow-off top,” a final surge of investor excitement before the bubble bursts. He says emotions and euphoria will drive prices to extreme highs. During this short-term boom, he expects Ethereum to perform better than Bitcoin and lead the crypto market.

However, this won’t last. Zeberg warns that after the rally, the entire crypto sector—and the broader financial markets—will face a harsh downturn. He believes the upcoming recession will be severe.

To explain his point, Zeberg compares today’s situation with past bubbles caused by new technologies. Back in the 1840s, the invention of the steam engine led to massive hype and investments, causing a bubble that eventually burst and sent the UK into a recession. Similarly, during the early 2000s, internet companies created another bubble that also popped—costing investors heavily.

Today, Zeberg says stocks and cryptocurrencies are trading at more than double their true value. If you include crypto in global market capitalization, he says we’re sitting at 250% of estimated fair value. For comparison, the dot-com bubble in 2000 peaked at just 136%.

He also points out that earnings expectations in artificial intelligence (AI) and stock price-to-earnings (PE) ratios are unrealistically high. He says this kind of market behavior is driven by investor psychology—not facts or fundamentals. In his view, people simply don’t want to face the reality of how inflated everything has become.

Keywords: Henrik Zeberg, Ethereum prediction, ETH price surge, market crash warning, financial bubble, crypto market rally, Bitcoin vs Ethereum, stock market overvaluation, AI stock bubble, inflation impact on economy, investor psychology, recession forecast.