Think of this, Ethereum already has over 25% of the nodes that Bitcoin has.  And everyone says that the main number 1 reason that Bitcoin is so valuable is because of it's network effect is so huge.

Well, if network effect is the most important thing in crypto than technically ETH should be valued at 25% of BTC market cap.

That would make price roughly $21.00/ETH.

In that case I would argue that ETH is still grossly undervalued.  And Ethereum network effect is growing faster every day...