Ethereum Price Analysis: ETH/USD Turned Super Bearish Below $240

Key HighlightsETH price declined heavily and broke the $260, $250 and $240 support levels against the US Dollar.
This week’s followed crucial bearish trend line played well with resistance near $284 on the hourly chart of ETH/USD (data feed via Kraken).
The pair traded close to the $200 level and it is currently correcting higher.Ethereum price is under a lot of selling pressure against the US Dollar and bitcoin. ETH/USD may continue to slide towards the $200 level in the near term.
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