Apart from the release of ETH 2.0 later, another reason is the support of various projects that are within the ethereum ecosystem itself and we also cannot underestimate the big and strong ethereum community. However, let the market answer later, and most importantly, don't miss ETH in our portfolio.
So much projects are on the Ethereum blockchain and as such the project is very much viable and of great use. While I feel the price is seriously undervalued, it should be above $1k by now. Let's hope the price increase before then .