ETHBTC is heading towards the resistance line of a Channel Down and could reach this point within the next 8 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
After testing the resistance line numerous times, ETHBTC is once again approaching this line. Can we expect a bullish trend to follow?
