ETHUSD is testing our resistance-turned-support at 739.87 (horizontal overlap support) and a strong bounce might occur above this level, pushing price up to our major resistance at 807.35 (horizontal overlap resistance, 78.6% Fibonacci retracement, 61.8% Fibonacci extension). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias. RSI (34) is also testing our resistance and a breakout above this level might be a good precursor for a potential rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.