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Market Color: ETH/BTC ratio is strengthening into this week's ETH Paris Conference and with EIP 1559 around the corner. ETH/BTC put in a strong double bottom at .055 (most important technical level in crypto) and has since recorded a higher low.
Market Color: The methodical fashion in which the market traded lower over the past few weeks raised concerns that the market would struggle to hold support. If BTC closes above the trend channel, technicals suggest the down trade is over.