ETHUSD is heading towards the resistance line of a Channel Down. If this movement continues, we expect the price of ETHUSD to test 194.2000 within the next 4 days. 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.
ETHUSD is quickly approaching the resistance line of a Channel Down. We expect either a breakout through this line or a rebound.
