Well no matter what the real value is, speculation makes in the the price. I like that ETH went up so high, its s good time to make profit with shorts.
The one who says he is not interested in shorts and profits....what do you want here? Everyone saying it is not about making money is just lying.
Bitcoin's main value is as a "reserve currency" for Alts...
*** The usual suspects here have been SO wrong for SO long about ETH ***...
They do not realize that there is only ONE (1) candidate to challenge BTC as a reserve currency = ETH.
None of these coins are going "mainstream", it's all about becoming a "reserve currency" for 1000 Alts...
That's why creaky old LTC hangs in there at $200 million... you can park/transfer wealth with complete safety.
So it looks like now we have 4 "reserve currencies" (BTC, ETH, LTC, DASH)...
(Not XMR because it's centralized on a sleazy exchange called Poloniex and too exotic)...
And ETH is now taking it's 2nd run and BIGGEST run at Bitcoin (after clusterfucking it all up with the DAO and wasting 9 months).
Parity changed the game by making ETH easy to use, Storj just switched to ETH... and Devs, Devs, Devs.