Ethereum did exactly what we predicted in the previous post and experienced a drawdown to around $1750 support. This sets ETH up for a potential relief rally back up to $2000 which is what I expect potentially over the weekend. That said, ETH is in a precarious position and if $1750 doesn't hold we could see a near-term drawdown to $1550. That will be my next accumulation point for long-term holdings.
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