Ethereum (ETH) Price Reversed Gains: Support Turned Resistance

ETH price traded to a new 2019 high close to $290 and declined heavily against the US Dollar.
The price reversed most its gains and traded below the $260 and $250 support levels.
There was a break below a major bullish trend line with support at $266 on the hourly chart of ETH/USD (data feed via Kraken).
The pair tested the $240 level and it is currently correcting higher towards the $260 and $264 resistances.Ethereum price declined heavily below $260 versus the US Dollar, but remained flat vs