Ethereum (ETHUSD): A Bullish Case For Ether

The breakout from Andrews' pitchfork H1 chart suggested that the recent correction, which took form of an A-B-C pattern, has likely been completed:

If we look at the bigger picture, we can see a strong uptrend (main trend) that is set to continue higher above $412. The correction from $412 to $265 is labeled as Wave (4), and there is a clear Reverse Divergence pattern rsi, which supports this view.

In worst case scenario, price might go back to $240, but this would be interpreted as a buying opportunity within the uptrend.