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Today's focus: ETHUSD

Pattern – Support formation

Support – 2800 - 2880

Resistance – 3073

Hi, traders. Thanks for tuning in for today's update. Today, we are looking at ETHUSD on its daily chart.

The key question we are asking today is: Has price started to find key support, or are we set to see one more low? For now, buyers continue to hold firm from 2800.

Has the Mount Gox news been overdone, or will this new supply dump continue to push coins lower?

Good trading.