Aurum Markets Blog Technical Analysis Breach of important price line imminent by ETHUSD

Breach of important price line imminent by ETHUSD

Breach of important price line imminent by ETHUSD post thumbnail image

ETHUSD is about to retest a key horizontal support level near 2596.0300. It has tested this level 5 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

Supported by Downward sloping Moving Average

Target: 2596.03 Entry: 2612.37 Stop: 2621.6842

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