Ethereum is pushing past a solid foothold over $350. Currently trading at $363 and change. Ethereum seems to be trading like that of Bitcoin did in the past "EXCEPT" FASTER. Ethereum has the momentum of a 750 HP Lambo. The traction that Ethereum is gaining is all over the charts. Who exactly is helping to support Ethereum? This is why the Crypto Currency has taken off. Read Below this Picture.
Here is a quote from Tyler Durden "According to Reuters, the Enterprise Ethereum Alliance (EEA) will work to "enhance the privacy, security and scalability of the Ethereum blockchain, making it better suited to business applications", according to the founding companies. Members of the 30-strong group also include Accenture Plc, Banco Santander, BP Plc, Credit Suisse Group AG, UBS Group AG, Banco Bilbao Vizcaya Argentaria, ING Groep NV, Bank of New York Mellon Corp , Thomson Reuters Corp (and startups ConsenSys and BlockApps."
FROM the ARTICLE "History of Ethereum"
"In addition to developing the software for Ethereum, the ability to launch a new cryptocurrency and blockchain requires a massive bootstrapping effort in order to assemble the resources needed to get it up and running. To kickstart a large network of developers, miners, investors, and other stakeholders, Ethereum announced its plan to conduct a presale of ether tokens, the currency unit of Ethereum. The legal and financial complexities of raising funds through a presale led to the creation of several legal entities, including the Ethereum Foundation (Stiftung Ethereum) established June 2014 in Zug, Switzerland.
Beginning in July 2014, Ethereum distributed the initial allocation of ether via a 42-day public ether presale, netting 31,591 bitcoins, worth $18,439,086 at that time, in exchange for about 60,102,216 ether. The results of the sale were initially used to pay back mounting legal debts and also for the months of developer effort that had yet to be compensated, and to finance the ongoing development of the Ethereum."
Here is the article: http://ethdocs.org/en/latest/introduction/history-of-ethereum.html