ETHUSD bounced off support at 117.2 (horizontal swing low support, 78.6% Fibonacci retracement , 100% Fibonacci extension ) where a further rise might occur pushing price up to our major resistance at 161.8 (horizontal swing high resistance, 61.8% fibonacci extension , 50% fibonacci retracement ). RSI (55) bounced off our support where we might see a further rise in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.