ETHUSD is approaching our first support at 163.68 (horizontal overlap support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where we might be seeing a strong bounce to our major resistance level at 178.93 (horizontal swing high resistance). Stochastic is approaching support where we might be seeing a bounce above this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.