ETH has broken from the $300 strong support and is continuing the long term bull trend line. Baring negative news in the next few weeks I think we will hit the previous ATH again. With the metropolis release bringing much improved protocol changes I think we will see positive price movement.
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Huge dumps over last few hours. Unnaturally sharp falls caused by whales trying to crash the price? Anyways I still believe ETH is climbing to ATH.