i am looking at the 4H chart and i had a hard time finding a trendline going up. I had to go all the way back to Februrary 7th to find a good spot. The problem is, this trendline is so low, which is why i ask myself wether ETH is really going for that trend line?
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So i guess what happened is the bottom formed out of nowhere, and people started buying like crazy and closing shorts.