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Ethereum Lags in Bitcoin's Shadow

After a sharp dip to $3646, Ethereum has recovered some ground, but found resistance at $3861. We are finding good support in the $3700's. It appears that capital is flowing into Bitcoin leaving the altcoins lagging. Once traders take profit in BTC, we should see capital flow back into altcoins and Ethereum should rally again. If not, $3646 should provide support again, then $3563. The Kovach OBV has slumped, suggesting ranging should persist.

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