Bitcoin and Ethereum experienced a downturn after recent inflation data, with Bitcoin trading at $107,369, down 1.2%, and Ethereum at $2,746, a drop of 0.96%. The decline followed a classic 'buy the rumor, sell the news' response to a CPI report that indicated lower-than-expected inflation. Despite the dip, technical analysis reveals that both cryptocurrencies remain within established ascending channels, indicating that the pullback is a normal retracement rather than a sign of bearishness. Bitcoin maintains significant support at $103,000. In contrast, Ethereum's price action shows it defending support near $2,400 - $2,500 while appearing bullish, suggested by an RSI of 62. The key resistance for Ethereum to watch is at $2,850. Overall, while recent fluctuations have occurred, longer-term bullish trends for both assets remain intact, leading to potential upside opportunities in the coming weeks.

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