Ethereum Price Analysis: ETH/USD Losing Momentum Below $230

Key HighlightsETH price failed to hold gains above $230 and $227, and declined against the US Dollar.
Yesterday’s followed important ascending channel was broken with support at $226 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is currently under pressure and it seems like it could decline towards $222 or $220 in the near term.Ethereum price is slowly moving lower against the US Dollar and bitcoin. ETH/USD is at a risk of a minor bearish reaction back towards $220.
Ether