According to Crypto Rover, Ethereum is currently extremely undervalued, as evidenced by recent on-chain data and market indicators (source: Crypto Rover Twitter, May 8, 2025). Rover points to a significant divergence between Ethereum’s market price and metrics such as network activity and staking rates, suggesting a potential upside for ETH. Traders are watching for accumulation patterns and long-term support near $3,000, which could indicate a strategic entry point for bullish positions. This undervaluation narrative may spur renewed institutional interest, impacting both ETH spot and derivative markets.