Four Main Factors That Explain 3,000 Percent Rally of Ethereum in 2017
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The Ethereum spring continues. From a unit price of $8.52 in the beginning of the year, Ethereum reached its all-time high this week, topping at an incredible $269.36 per unit. The price is up by over 3,000 percent since January 2017.
This week, Ethereum traded at an all-time high of $269.36, according to data from WorldCoinIndex. It has stabilized slightly below that price since June 6. The figure below retraces its 3,000 percent growth since the beginning of 2017.
Many factors have led to this record rally, which fit pretty well in the quadriptych of the EEA, ICOs, South Korea and Russia.