ETHUSD is moving towards a line of 2194.8899 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 2194.8899 within the next 23 hours.
Supports and resistances are primary concepts of technical analysis. ETHUSD is heading for an important price of 2194.8899 – read about what this could mean for the future.
