Even though most cryptocurrencies have seen their meteoric rise throughout the year already, the fun isn’t over just yet. After strong gains just yesterday, we see the Ethereum price move up yet again. With a new value of $714 per ETH, things are looking pretty interesting right now. It is evident the road to a market cap of $75bn is wide open for the world’s second-largest cryptocurrency.

Ethereum Price Just Keeps on Going

For a lot of people, the year 2017 has been more than spectacular. Anyone who held any form of cryptocurrency at the beginning of the year and stuck with it will have made a healthy profit in the past 12 months. One of the currencies which certainly surpassed everyone’s expectations is none other than Ethereum. Thanks to strong gains all year, the Ethereum price has increased by over 8,000%. It is quite remarkable how far all of these currencies have come since January, to say the very least.

In the case of the Ethereum price, yesterday’s solid push toward $600 was considered to be the final leg up for 2017. Lo and behold, the situation turned out very different once again. More specifically, there has been some pushback after surpassing $650 earlier today, and the Ethereum price even dipped a slow as $600.This created a strong buy signal for most people, though, resulting in another massive price increase. At its peak, one ETH was valued at $747.99.

As one would come to expect, this new all-time high prompted a lot of holders to sell their assets. A lot of people will look to buy back in cheaper, but it seems there is no real dump to speak of just yet. Traders did not succeed in pushing the Ethereum price below $718 again, which means there is only a fractional difference between this all-time high and the so-called dip. An interesting development, though, that much is rather evident.

Ethereum has over $4,828bn in trading volume, which is pretty solid, to say the very least. In fact, a lot of altcoins would give an arm and a leg for this specific volume, even if it was just for one day. Anyone who assumed the cryptocurrency stampede was over already, may want to check the charts once again. This momentum has resulted in a solid 15.5% gain in USD value and recovering 18.9% in value against Bitcoin. Very impressive numbers for Ethereum, that much is certain.

GDAX still dominates the Ethereum trading volume, even though their lead over Bitfinex is a lot lower than one would expect. Less than $80m separates the two which is next to nothing. Bithumb completes the top three, indicating the demand to convert fiat currencies to Ethereum has never been bigger. It’s also good to see Gemini in the top 10, as that exchange often flies under the radar when it comes to cryptocurrency trading, for some unknown reason/

At this rate, no one will be surprised if the Etthereum price moves up to a new all-time high in the next few hours and days. There is still so much bullish momentum in cryptocurrency, there is almost a guarantee more fireworks will ensue at some point. Whether or not that will affect the Ethereum price or a different altcoin altogether, remains to be determined. For now, it is best to sit back and enjoy the show, as this is pretty spectacular.