Ethereum (ETH) Price Turns Short Term Bearish: Sell Rallies?

ETH price started a steady decline and broke the $252 support area against the US Dollar.
The price traded towards the $230 level and formed a new swing low at $233.
There is a major bearish trend line forming with resistance near $246 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could either recover above $250 or decline again towards the $230 level.Ethereum price moved into a bearish zone versus the US Dollar, but was stable vs bitcoin. ETH price is currently recovering hig