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

ETHUSD is moving towards a line of 1811.0699 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If ETHUSD continues in its current trajectory, we may see it move towards 1811.0699 within the next 20 hours.

Supported by Downward sloping Moving Average

Target: 1811.0699 Entry: 1855.75 Stop: 1886.28

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