Aurum Markets Blog Technical Analysis ETHUSD approaching resistance of a Rising Wedge

ETHUSD approaching resistance of a Rising Wedge

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ETHUSD is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of ETHUSD could test 3095.1200 within the next 6 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

Supported by Upward sloping Moving Average

Target: 3095.12 Entry: 3062.01 Stop: 3030.54

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