Since most of the other altcoins started to lose value they also lost the trust of investors. That directed investors to safer and well know coins like ethereum and bitcoin ofcourse. I personally would not invest in a some unknow so called promising coin when the markets are unstable. All these reasons helped ethereum to gain more and more value.
Ethereum has gotten a lot of investors renewed there interest on it, that's why the price also hits all-time-high. Ethereum has already gained the trust the investors, but with so many hacks, somewhat most investors shun and move to bitcoin. But lately there is a surge again, I don't know what the reason is, but maybe they think that Ethereum is under valued and needs more attention because it has one advantage that bitcoin doesn't have - smart contracts.
these days, the price of ethereum continues to rise,.
what causes the increase in the price of the ethereum?
A lot of altcoyins are created on the basis of Ethereum, in order to buy them on the stock exchange, you must first buy Ethereum, so the demand is high and the price so quickly grows. I think this is not the limit and in the near future we will see 1000+ $ !!!
Not so fast with the $1000 prediction. It looks getting twice as to what the current price is. It will touched $1000 but I think in the next 2-3 years. We know that Ethereum is being pumped, but I seriously question if they can push the price to 4 digits. Maybe if there's another company that will take advantage of its smart contract technology, then we can see the price pushing to $1000.