ETHUSD is approaching our first support at 134.32 (horizontal overlap support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where we might see a strong bounce in price to our major resistance at 184.44 (horizontal overlap resistance, 100% Fibonacci extension). RSI (89) is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
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