ETHUSD Approaching Support, Potential Bounce

ETHUSD is approaching our first support at 102 (100% Fibonacci extension, horizontal overlap support) where a strong bounce might occur above this level pushing price to our major resistance at 139 (61.8% fibonacci extension, 23.6% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price.

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