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ETHUSD is approaching our first support at 116.12 (horizontal swing low support, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 135.07 (horizontal overlap resistance, 50% Fibonacci retracement). RSI (21) 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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No trade here, could make the argument it goes to 80 or 140. Fundamentals aren't encouraging for this coin anymore that there are several better blockchains around fighting for share.

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ETH is going nowhere soon , unless it can move past 128. This means ETH has to break past the white arrow sloping down lets assume its at 128 to 130 for good measure . Breaking past 128 to 130 can lead to a move to 140.

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BITFINEX:ETHUSDundefined