Aurum Markets Blog Technical Analysis Should we expect a breakout or a rebound on ETHUSD?

Should we expect a breakout or a rebound on ETHUSD?

Should we expect a breakout or a rebound on ETHUSD? post thumbnail image

The movement of ETHUSD towards 2514.8000 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 7 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.

Supported by Upward sloping Moving Average

Target: 2514.8 Entry: 2489.74 Stop: 2479.5686

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