ETHUSD is quickly approaching 126.9500. We expect either a breakout through this line, or a rebound.

ETHUSD is heading towards a line of 126.9500. If this movement continues, we expect the price of ETHUSD to test 126.9500 within the next 16 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 just like it did in the past.