Don't do it!!
High probability that it won't break .01. BTC won't rally until ETH finishes somewhere above 008
Edit:
While what's cheap? ETH? Ha, it's up 400% and you think NOW is the time to buy?
when you see a post like that - wait for a huge pullback (see the chart!!!)- wait for sideway action for a time - wait for a start of a new rise and only then BUY!
I still think this is the right time to buy ETH its now just $44 and the possibility to make it $60 the next wave of Assets created on ETH such as matchpool and the latest are going to make its value sky rocket. This is the right time to buy your ticket to the runaway train. Its all about making money.
I've been trying to increase my stack in this recent "downtrend" or I would say pullback/correction (at least in terms of BTC pair, in fiat it has held pretty well so far). I didn't have a lot of luck, only a few more ethers, I know some scalped the market and timed it perfectly but with the recent BTC rally it was too complicated to guess what was gonna happen.
I think Bitcoin got rejected so many times at $1200 as ETH at $41-42, there's a strong possibility a reversal will occur and ETH continues to take bites at BTC marketcap in the following weeks and months. Only good news for Ethereum coming (that translates into hype) while BTC will keep struggling. Name recognition and some good news like Japan accepting it as a currency would only go so far.