On January 13, 2018, Ethereum hit an all-time high of $1,448.38.
This price was the result of a surge in Ethereum’s price that began in December 2017. The surge was caused by a combination of factors, including increasing interest in Ethereum from investors and speculation about the future of Ethereum.
The price of Ethereum has fluctuated since its launch in 2015. In 2016, the price of Ethereum rose from $0.95 to $13.31 by December.
The price then fell to $6.83 in early 2017 before rising again to $400 by September. The price of Ethereum then surged from $400 to $1,448 in December 2017 as interest in the cryptocurrency increased.
The surge in the price of Ethereum was caused by a combination of factors. First, there was increasing interest in Ethereum from investors who were drawn to its potential as a platform for decentralized applications and its use of smart contracts.
Second, there was speculation about the future of Ethereum, particularly after the announcement of the Enterprise Ethereum Alliance, which brought together major companies to work on developing applications on the Ethereum blockchain. Finally, there was general excitement about the cryptocurrency market at the end of 2017 as prices reached new all-time highs across the board.
The price of Ethereum has fallen from its all-time high in January 2018 but remains higher than it was at the beginning of 2017. While it is impossible to predict the future price of any asset, including cryptocurrencies, the long-term prospects for Ethereum remain positive as it continues to gain mainstream adoption and attention from investors.