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Because ETHUSD formed a Head and Shoulders pattern, we expect it to touch the support line. If it breaks through support it may move much lower

Either a rebound or a breakout imminent on ETHUSD
ETHUSD is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If ETHUSD continues in its current trajectory, we could see it reach 2231.2506 within the next 3 days.

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