Cabana Capitals Blog Technical Analysis ETHUSD approaching resistance level

ETHUSD approaching resistance level

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ETHUSD is heading towards a line of 2673.9800. If this movement continues, the price of ETHUSD could test 2673.9800 within the next 22 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.

Supported by Upward sloping Moving Average

Target: 2673.98 Entry: 2653.73 Stop: 2636.3336

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