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After testing 0.0476 numerous times, ETHBTC is once again approaching this price point. Can we expect a bearish trend to follow?

ETHBTC is moving towards a line of 0.0476 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If ETHBTC continues in its current trajectory, we may see it move towards 0.0476 within the next 3 days.

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