Ether is displaying weakness
ETHUSD might be near the pivot point around $3000 level. It shows a relative weakness compared to Bitcoin and might slide deeper as shown at the chart.
The daily structure points to an important resistance level established at around $3000 (the area of the 20-day moving average).
Yesterday's political speech of president-elect Donald Trump has provided support for Bitcoin, but ETHUSD lags.
So, if the rally cools down, ETHUSD may fall deeper as shown at the chart.
Always DYOR and manage your risk at all times!
The daily structure points to an important resistance level established at around $3000 (the area of the 20-day moving average).
Yesterday's political speech of president-elect Donald Trump has provided support for Bitcoin, but ETHUSD lags.
So, if the rally cools down, ETHUSD may fall deeper as shown at the chart.
Always DYOR and manage your risk at all times!
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