SUMMARY
Ethereum (ETH) has recently started putting in sideways price action, similar to Bitcoin and so following its leadership. Unless ETH starts putting in surging prices, the blue rectangle represents the basin phase that it might undertake into later April.
ETH has landed on a strong horizontal support zone as shown in below chart. This is likely the zone where ETH will start basing for the next rise but this basin phase could mean a few weeks of sideways action.
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