Ethereum Price Analysis: ETH/USD Extends Losses, $200 Holds Key

Key HighlightsETH price declined further and broke the important $206 support against the US Dollar.
This week’s followed key bearish trend line is still in place with resistance at $208 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is under pressure below $208 and $206, which could result in more losses in the near term.Ethereum price extended losses against the US Dollar and bitcoin. ETH/USD could continue to move down towards the $200 or $198 support level.
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