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Everyone is watching $BTC . At the same time, $ETH has just formed its first external week since December last year.
The volume chart shows support at $1,600. The drift of SMA200 confirms the early stage of a bear market. This is either a retest of $2,500 or a drop to a new low.
$2,000 is the boundary. Above it, SMA50 mean reversion. Below it, slow death.
What do you think about this?
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