Ethereum Price Analysis: ETH/USD Sellers In Control Below $200

Key HighlightsETH price declined sharply and broke the important $197 support against the US Dollar.
There was a break below a crucial contracting triangle with support at $199 on the hourly chart of ETH/USD (data feed via Kraken).
The pair traded as low as $190 and it is currently correcting higher in the near term.Ethereum price declined sharply against the US Dollar and bitcoin. ETH/USD moved into a bearish zone below the $200 and $197 support levels.
Ethereum Price Analysis
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