Aurum Markets Blog Technical Analysis Should we expect a bullish trend on ETHUSD?

Should we expect a bullish trend on ETHUSD?

Should we expect a bullish trend on ETHUSD? post thumbnail image

ETHUSD is once again retesting a key horizontal resistance level at 2778.1201. It has tested this level 3 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 Upward sloping Moving Average

Target: 2860.0979 Entry: 2794.2 Stop: 2733.0423

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