Ethereum Chart on GDAX
With much buzz circulating around altcoins in general, Ethereum is seeing a steady growth since Dec 21, 2017. Keep in mind that both Bitcoin and Ethereum are primarily used as trading pairs on popular exchanges such as Binance, and Bitfinex, which means that in order to purchase other cryptocurrencies, one has to either have BTC/ETH to facilitate a transaction.
On CoinMarketCap, Ethereum has maintained it's #3 spot with a $99B market cap, right under Ripple ($134B), it'll be interesting to see the direction of Ethereum once this $1000 barrier is broken. Will there be an influx of altcoins being traded back into Ethereum to ride the wave, or will it falter?
Ethereum will continue to thrive and raise in price for a long time imo. So many business start-ups being created on the network and obviously people have to buy ethereum first to buy ICOs from the businesses.
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I agree, especially with the announcement of Casper, I would assume the prices are rising in anticipation.
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