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My biggest concern for #ETH right now:
The rally from $1,100 looks corrective, not impulsive.
ETH is sitting on the 0.786 retracement near $1,700.
If that level fails, a retest of $1,100 is firmly back on the table.
That probably requires:
• A stronger #DXY
• Weakness in #BTC
• A broader risk-off move
Am I being too bearish?