Ethereum reaches a new record high price of $637

It's not just Bitcoin that is exploding in price, as most of the major cryptocurrencies are seeing massive journeys to the moon right now, with Ethereum reaching a new all-time high.

Overnight, the price of Ethereum peaked at $637 after starting the day at $504, a level it has been at for months now. At the time of writing, ETH had dropped slightly to $603, giving it a market cap of $57.4 billion.

Some of the talk about Ethereum on various sites and subreddits tease that it could be priced as high as $1800 by this time next year, which would be a 300% increase from its $603 price now. If you aren't already invested somehow into cryptocurrency, we are still at the ground floor.