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ETH/USDT

Yesterday, liquidity was removed and rates were higher than the high of March 17 (before the stronger decline began).

If by the end of the week the asset trades below the orange dotted line at the price of $3679, then with a high probability we will see a continuation of the correction towards $2800.

It can be seen that on March 23 and March 24 there was already a breakdown test of the red line of the 7EMA from top to bottom of the blue line of the 30EMA, but so far it is useless.

If the crossing is retried, there is a chance that this will happen.

Important macro data will be released this week:

- 28.03.2024, data on GDP of Great Britain and GDP of the USA for the 4th quarter;

- on Friday, March 29, 2024, the level of manufacturing inflation, and in the evening, J. Powell will give a report on the monetary policy of the Fed in relation to the dollar rate.