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ETH Attempting to Bottom Out Around $2,862.93

While BTC lost support at the bottom of the bull pennant, ETH formed a bullish rebound off the $2,862.93 support level. ETH and the Altcoin market held very strong during the drop, which is a good sign that ALTS are getting bought up. I would monitor the red trendline for continued support for now, and the green zone may act as resistance on the way up.

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