ETHUSD approaching resistance, potential for breakout! pour BITFINEX:ETHUSD par easyMarkets

trendanalysis harmonicpatterns chartpattern ethusd eth usd ethusdllong ethusdshort

ETHUSD is approaching our first resistance at 169.13 (horizontal overlap resistance, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 255.45 (23.6% Fibonacci retracement, horizontal overlap resistance).
RSI is also bouncing off support supporting our bullish pressure.
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