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