Ethereum Price Analysis: ETH/USD Down and Out Below Key Support

Key HighlightsETH price declined sharply and broke the $220 and $214 support levels against the US Dollar.
There was a break below a short-term bullish trend line with support at $222 on the hourly chart of ETH/USD (data feed via Kraken).
The pair even broke the $200 support and traded as low as $193.Ethereum price declined and broke important supports against the US Dollar and bitcoin. ETH/USD could correct higher, but upsides could be capped near $208-209.
Ethereum Price Analysis
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