Ethereum (ETH) Price Smashes Support, More Downsides Possible

ETH price is under a lot of pressure and it recently broke the $202 support against the US Dollar.
The price is likely to continue lower towards the $195 and $192 support levels in the near term.
There are two major bearish trend lines forming with resistance near $208 and $210 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could correct higher, but upsides are likely to be capped near the $210 level.Ethereum price is extending its decline versus the US Dollar and bitcoin. ETH