Ethereum Price Analysis: ETH/USD Sellers In Control Below $224

Key HighlightsETH price traded further lower and tested the next support at $204 against the US Dollar.
There are two bearish trend lines in place with resistance at $220 and $234 on the hourly chart of ETH/USD (data feed via Kraken).
The pair has to move back above the $224 and $228 resistances to recover in the short term.Ethereum price is facing an increased selling pressure against the US Dollar and bitcoin. ETH/USD could accelerate losses as long as the price is below $224.
Ethereum Price A