Ethereum (ETH) Price Could Retest $200 Before Fresh Increase

ETH price is currently correcting lower and it recently broke the $212 support against the US Dollar.
The price is facing a lot of hurdles on the upside near the $212 and $215 levels.
There is a key bearish trend line forming with resistance near $214 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could extend its decline towards the $200-$202 support area before starting a fresh increase.Ethereum price is currently declining below $212 versus the US Dollar, similar to bitcoin.