Cabana Capitals Blog Technical Analysis ETHUSD approaching important level of 2424.3301

ETHUSD approaching important level of 2424.3301

ETHUSD approaching important level of 2424.3301 post thumbnail image

ETHUSD is about to retest a key horizontal resistance level near 2424.3301. 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: 2424.3301 Entry: 2404.93 Stop: 2376.2025

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