DU09

ETH/USD - Third time is a charm? ATH in sight!

Long
BITSTAMP:ETHUSD   Ethereum
ETH has been teasing us for quite a while now. This is the third time we flirt with ATH level.

Last two times we were sent back to lower levels to refuel, will this be the major breakout? Maybe, here is why.

Every time we bounced from ATH we made a higher low and then a higher high. Now we set another higher low and if the pattern is to repeat we may set a new ATH which may cascade in some good old fashioned FOMO towards $2k.

Watch closely the ATH level and price action as we are sure to get a significant reaction there.

For now bias is bullish so long we remain above $1,300.

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