DU09

ETH/USD - Show of strength. $3,000 is inevitable!

Long
BITSTAMP:ETHUSD   Ethereum
ETH has been showing a lot of strength lately and pumps have been fast, significant and with good volume. Corrections were short and quickly recovered.

Besides setting a new All Time High almost daily this week, ETH is on a clear path to conquer a key level - $3,000!

The indicators are looking very good and on 4h we are not even overbought, on the contrary, after a short break yesterday night, ETH is back into action and ready to set a new ATH.

Daily indicators are also primed for more price gains and the direction and momentum is behind ETH. I would not be surprised for us to be at $3k by the end of this week, unless BTC decides to turn down again.

So long we consolidate at around this price level of $2,600, we're good to go much higher.

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