According to the latest pricing data, at 18:04 UTC, Ethereum surpassed its three-month high, reaching the highest price since November 18th 2018 and rising over 50% in 16 days.
Ethereum is almost double its $83 low of December 14th, having just risen above $160 according to data from CryptoCompare:
Five days ago we reported that Ethereum crossed the 200 day moving average for the first time since June, which indicated the start of a new major price move.
This comes as the Ethereum network is preparing for a major upgrade with the Ethereum Constantinople hard fork at the end of the month. There’s also more positive news from the SEC and clear moves to embrace blockchain from investment banks with JP Morgan promoting its Quorum blockchain – an enterprise-focused version of Ethereum. Even Facebook’s Mark Zuckerberg is wanting to use the blockchain.