Ethereum
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ETHUSD approaching support, potential bounce!

ETHUSD is approaching our first support at 203(horizontal swing low support, 61.8% fibonacci extension, 61.8% fibonacci retracment, short term ascending support line) where a strong bounce could occur pushing price up to our resistance at 221 (horizontal swing high resistance, 61.8% fibonacci extension, 78.6% fibonacci retrcement).
RSI (55) is seeing a bullish exit and we might see a corresonding rise in price. Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias.
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Chart PatternsETHETHUSDethusdlongethusdshortForexforexsignalsforextradingHarmonic PatternsTrend AnalysisUSD

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