Ethereum
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ETHUSD approaching resistance, potential drop!

ETHUSD is approaching our first resistance at 249.27 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 191.99 (horizontal swing low support, 100% Fibonacci extension).
RSI (34) is also approaching resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Chart PatternsETHETHUSDethusdlongethusdshortForexforexsignalsforextradingHarmonic PatternsTrend AnalysisUSD

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