In ETHUSD , we continue to favor a straightforward approach. The 160-170 zone is support. On Gann charts (not shown), we see support near 152.

We also believe that ETHUSD is a victim of selling by miners in BTCUSD and BCHUSD .

Bottom Line: We can like ETH all we want, but Mr. Market is the ultimate judge. You can't be long until we see if BTCUSD holds 8k or if bitcoin falls to much lower levels.

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