i think generally we are in a altcoin season and Eth being one of the kings of altcoins does not want to be left behind . But i am actually surprised to see i this high i didn't know it was coming this far when the bull run stated but lets keep watching to see where its running to.
It can grow even more when the threshold has already reached. You must see the reality when ethereum will run its testnet and people may start to join into another hype again and it may break another highest level for sure.
ethereum is going to the moon right now.