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Buy and Sell Bitcoin, Ethereum

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Buy and Sell Bitcoin, Ethereum

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  1. Ethereum/Bitcoin(ETH/BTC) Technical Analysis ETH/BTC trading pair recorded new highs just a few days before. It was the time when the ETH/USDT was struggling to hold the resistance levels strong, ETH/BTC smashed a new ATH. Woefully, Catalog as in every asset, a notable pullback quickly made its way out including an attempt of revisiting the highs. Currently, the pair appears to be pretty bearish and lower levels are expected to come in. The ETH/BTC pair ever since flipped the bearish trend and maintained a notable uptrend line. Despite multiple pullbacks, the trend line acted as strong support levels. However, in the past couple of hours, the pair just broke down from the uptrend indicating a notable correction incoming. The Moving averages in the long term are slowly shifting from neutral to buy. Yet the technicals indicate a strong sell signal. On the contrary in the short term, most of the Moving averages, SMA & EMA and the technical indicators point out towards a strong sell. And hence in the short term, the ETH/BTC pair may revisit the lower support levels at 0.071965 SATS. The traders looking to enter a long trade may encounter a good buying opportunity very soon while the shorting may be pretty costly at the press time. The ETH/BTC initiated the weekly trade consolidating within a narrow range, however, the mid-week plunge was drastic which did not give room to form any lower highs or lows. On the other hand, catalog the zones around 0.071965 SATS are quite important as the pair visited these levels frequently and quickly flipped the trend, and hence the current drop may continue until these levels are revisited. Yet a trend reversal may be imminent from these levels.

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