Ethereum is one of te coins who has seen a lot of downside without any strong retrace. But now there could be an opportunity. ETHBTC is nearing a strong support and ethereum has been moving inside a channel and is now close to that bottom. A strong support for ethusd is around 140 dollars. It is the lowest support point of the pennant and also the extention of the possible a subwave. Though a lot will depend on the movement of bitcoin, when touching the channel or/and the 140 dollar support could be an opportunity.
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