Ethereum is currently considered the most undervalued it has been since 2019, with experts predicting a potential surge following five years of accumulation. Despite Ethereum's network activity reaching all-time highs with 3.4 million active addresses, its price remains 50% below its peak. This situation is likened to a 'coiled spring' setup similar to 2018/2019, suggesting a significant price movement could be imminent. Experts have drawn parallels between Ethereum's current state and the historical price actions of gold and silver, which experienced substantial gains after similar periods of accumulation. With Ethereum's price recently dropping below the critical $2,500 level, analysts emphasize the importance of reclaiming this support to trigger a potential wave 5 ATH surge, potentially leading to higher bull targets.