Its quite a pleasure to watch your invested coin to see a rise in price. ETH had raised to almost 30% this week which was a delight.
I think the reason behind this is the people investing in ICOs. Almost all the ICOs use ETH as a mode of payment. So people buy ETH and then invest it in them. ETH already is a potential coin and has the ability to cross a million dollars. Though it would take ETH a few years to reach that milestone it has the capability to be at that level. Time will show us how far it goes.
it's all true, but we still need to take into account the fact that while the prices for the etherium are rising, the prices for transactions are rising. Already to date, there are minimum Payment Requirements for Gwei.