Ethereum is exploding higher on Wednesday, trading up 32% at $US299.70. It hit a high of $US308 earlier in the session.
The climb back above the $US300 level comes just less than a week after a flash crash on the Global Digital Asset Exchange pushed Ethereum’s price down to as low as $US0.10 before quickly recouping its losses. After initially saying customers would not be refunded, GDAX reversed course and said those impacted would be made whole.
Despite the big run up from the flash-crash low, Ethereum still remains well below its all time high of $US419.30 set on June 12. It is up close to 3,600% in 2017.