The high price is due to the fact that there is a lot of demand. And as we know from the lesson in economics, the higher the demand, the more supply. And of course the price will be high. Everyone uses it and wants to use it because of its simplicity.
if the demands high, for sure the price will growing because of that,
and i think this is only the beginning from ethereum price to hit the first target, wich mean the past ATH and the next target could be create new ATH
i believe everyone will see ethereum run above $2000 in this year after the price break its ATH