At its peak, Ethereum (ETH) traded at $ 1,425 on January 14. This is an impressive bull bull run of coins from the initial November level of $ 300. Doing math, the January value is a 375% increase in a matter of just over 2 and a half months.
The surge in value for Ethereum has been speculated to be caused by two things. First, this is the season for leading ICOs and their smart contracts based on Ethereum. This then made the ICO encourage investors to use ETH when depositing funds. As a result, Ethereum developed amidst the ICO explosion late last year and earlier this year.