ETH - Final leg of downtrend

The close above 3D basis resistance in ETH suggests a retest of that level once again once CPI data is digested. However market rallied below 3D support without getting to weekly support, therefore currently the market is in a bearish position on a weekly basis.

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The market continues to grind lower as expected along with the price of BTC.

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Rejection of previous support which is now a resistance. FED's decision today and expecting a major move to the downside.