Ethereum Price Analysis: ETH/USD Upsides Capped Near $198

Key HighlightsETH price declined further and traded towards the $180 level against the US Dollar.
There was a break below a key contracting triangle with support at $194 on the hourly chart of ETH/USD (data feed via Kraken).
The pair traded as low as $184.15 and it is currently correcting higher towards resistances.Ethereum price extended losses against the US Dollar and bitcoin. ETH/USD may correct a few points, but upsides are likely to be capped near $196-198.
Ethereum Price Analysis
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