Ethereum Price Analysis: ETH/USD Could Correct Towards $240

Key HighlightsETH price found support near the $209 level and later corrected higher against the US Dollar.
There was a break above a short-term bearish trend line with resistance at $226 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is likely to extend the current correction towards the $238 and $240 resistances.Ethereum price is slowly correcting higher against the US Dollar and bitcoin. ETH/USD could correct further higher towards the $240 resistance in the near term.
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