Thanks, this is a common suggestion and I've tried a version with a shadow below the line. It is far more distracting especially when you use the autoscroll feature (play button at the bottom right corner.)
I find the already read text distracting. I would like everything within peek-ahead distance to be new text. Perhaps a white gradient below the line would work, or a three line tall moving white bar instead of the line.
If you want to experiment the source code is at https://github.com/rdwallis/MagicScrollWebReader
The line is an impossible challenge to design because the break between pages should be very obvious but also not distracting to the reader.