Ethereum Price Meaning?

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4 years ago

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.

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