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.
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