Ethereum hit a fresh all time high today vs both Bitcoin and USD, trading as high as 0.0702 BTC ($141 .85 USD) for the first time ever.
Ethereum describes itself as "a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference." -https://www.ethereum.org/
The Ethereum currency is often called a crypto commodity rather than a crypto currency since it's used to run applications on the Ethereum network.
For investors, it functions the same as Bitcoin - you trade FIAT or BTC into ETH and speculate on price. And speculators have done well on Ethereum this week.
Technically, ETH completed a classic cup and handle formation on Friday, a very bullish indicator, and has since risen another 6%:
Where do you think it's going to stop?