Ethereum hits the record high and it is now over 5000% since the start. The price now is around 407.10 USD. Now Ether is the second-largest cryptocurrency by market capitalization.Ethereum is often used as shorthand for the digital currency and it runs on ethereum block chain that underpins the digital coin..There are serveral reasons that could lead the price of ethereum rise.First if all is the invovlement of Microsoft and JPMorgan in the group called the Enterprise Ethereum Alliance which links the large organization to technology vendor to have block chains project.Second, cryptocurrency has a new way called Initial coin offerings to raise money. Third, Singerpore's government released a report that it planed to digitalize a national currency using ethereum blockchain technology. Those news show that cryptocurrency is a trend and ethereum is a reliable technology for some countries to digitalize their own currency.Therefore, I think ethereum will continue to rise and it may hit 600USD within serveral months.