The breakout of ETHUSD through the 161.6300 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of ETHUSD to test 169.8310 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 161.6300 numerous times, ETHUSD has finally broken through. Can we expect a bullish trend to follow?
