Ethereum right on major support, watch for a potential bounce!

Ethereum has dipped to our first major support nicely as expected. Support is at 1162 (Fibonacci retracement, horizontal pullback support) where a further rise could occur from to push price up towards 1282 resistance (Fibonacci extension, horizontal pullback resistance, elliott wave structure).

RSI (34) is seeing ascending support hold up price really well in this bullish run.

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