easyMarkets
Long

ETHUSD approaching support, potential bounce!

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
ETHUSD is approaching our first support at 134.48 (horizontal overlap support, 38.2% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong bounce might occur below this level pushing price up to our major resistance at 166.99 (horizontal swing high resistance).
RSI (21) is also approaching support where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
I think that even on the current price it is a good buy.

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any update ? is it failed ?
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