^ ICO hype specially got ETH a lot higher I remember that one. Everyone bought ETH in order to invest into ICO's and there were few with over a billion dollars invested as well, it was like a joke at the time that new projects got that much money.

Nowadays something similar happened, ETH got higher because there were people who wanted to invest into DeFi projects as well which is why I think it is quite obvious that people actually increased the price of all crypto currencies in the same manner, they got into bitcoin, and eth, and made profit, and turned that profit into ETH and that was it.

I think 2017 and 2020 has some similar stuff, but the biggest difference is we started from 700 dollars and reached to 20k in 2017 and that was too unrealistic and unsustainable, here in 2020 we didn't had something like that, from around 9k to 27k levels is not that weird, it is just 3x and totally sustainable as well.

Specially with these huge corporations coming in, not only it is sustainable but it is also just a base we can work from and can get bitcoin higher.