Ethereum Flirts With Key Resistance: Here’s Why It Could Correct Before Fresh Rise

Ethereum price extended its rise above the $220 resistance area against the US Dollar. ETH is currently facing hurdles near $230 and it could correct in the short term.Ethereum is facing a key resistance near the $230 area against the US Dollar.
The price might correct a few points towards $223 or $220 before climbing again.
There is a major bullish trend line forming with support near $225 on the hourly chart of ETH/USD (data feed via Kraken).
Bitcoin price is now trading well above the key $10