Ethereum Price above $1500 for First Time
The Ethereum price initiated the rally a couple of days before following a modest pullback below $1300. However, the price jumped immediately above the levels and picked up the bullish momentum.
The accelerated rally manifested the strong aspiration of the ETh bulls to carry the price towards new highs. Therefore with the Bitcoin bull run, ETH price also pumped hard to hit the milestone at $1558 and trading around the same labels since then.
Source