After testing 164.3700 numerous times, ETHUSD has finally broken through. Can we expect a bearish trend to follow?

The breakout of ETHUSD through the 164.3700 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 158.5570 within the next 19 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.