The cryptocurrency is currently trading at a two-year high of $442 per coin. The last time ETH traded above this price was late July 2018.
Ether (ETH), Ethereum's native crypto has been on an upward trend for almost 25 days, which further elevated this week. After initially failing in an attempt to break $400, the token fell to $367 only to then break $420 again, confirming the current bullish trend and as the digital asset heads for the $450 price mark. There is currently no short-term resistance toward this march.
In combination, a strong argument could be made that these factors are driving up the fundamental value of Ethereum. And with the long-awaiting Ethereum 2.0 upgrade drawing nearer, which is built to support greater trading volume more efficiently, ETH investors have plenty to be excited about.