New money is flowing into the crypto space with a total market cap of 256 billion USD
So now the question is what will Ethereum be valued at? This according to Metcalfes law would be influenced by the amount of new users and also the improvements made to the network to promote scaling. There were improvements made in the last hard fork, Casper has been implemented in the testing phase, Raiden is also close to being ready and is funded. So this means Ethereum is able to scale much more now, and as the price goes up more people will likely take notice of it growing the user base more.
The current price is $420ish. I think it can go $100-200 higher, but I do not expect to see $1000 in 2017. I do expect when BTC reaches $10,000 that ETH will likely follow to $1000 soon after.
See my post from 8 days ago to see that I made this prediction: https://steemit.com/crypto-news/@dana-edwards/according-to-metcalfe-s-law-ethereum-is-under-valued-while-bitcoin-is-in-a-bubble