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March 4 Ethereum Update

In the short term Bitcoin has been outperforming Ethereum and Altcoins. However, $ETH is still showing bullishness and is trading above resistance at $3,437.40. I recommended a SL at $3.5k for ETH, and the SL should have gotten triggered on this move up. There is still a chance of a rejection here, and ETH would need to drop within the next few days for that rejection. For now there should be concerns about the price continuing to run up. The next few days will be very telling to see if crypto will drop soon, and I will look for another short trade setup for ETH once the bullishness starts to slow down.

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