Futures are still being held with small positions. Spot trading has stopped adding to positions. Ethereum has broken below its long-term upward trendline/channel that has been in place since 2022. The path is now open down to $1.5K (the previous upward trend’s point of control). 1. Adding to spot positions is not advisable at this time—only consider it after confirmation of re-entry into key support or the channel. 2. Since Ethereum’s trend is critical for other alts, wait for its direction before entering any altcoin positions.
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