Ethereum is trading over $1400 for the first time since Nov.9.
The network has seen the appearance of 3,000 new shark addresses.
Other coins such as XRP have also seen a significant surge.
The cryptocurrency community rejoiced greatly at the latest market increase after a protracted period of stagnation. Ethereum (ETH), the second-largest cryptocurrency network, is reportedly now trading over $1,400 for the first time since it crashed 26% on November 9.