you are just saying this because you are holding ethereum and wish it to go higher so you can make profit. and i don't see any valid reasoning here either. you basically are saying only because its price and market cap are lower than an arbitrary number in your head then it should be "under priced". but as i said it is an arbitrary number that you have in your head. the fact is, ETH is considered extremely over priced by experts. and so far the only use case of it has been to create ICOs that are created to raise funds and then go away!