Ethereum Price Analysis: ETH/USD’s Previous Support Now Resistance

Key HighlightsETH price started a short term upside correction and moved above $196 against the US Dollar.
There is a key connecting bearish trend line formed with resistance at $198 on the hourly chart of ETH/USD (data feed via Kraken).
The pair recently tested the previous support at $198, which acted as a solid resistance.Ethereum price is slowly recovering against the US Dollar and bitcoin. However, ETH/USD is likely to face a lot of hurdles near $198 and 100 hourly SMA.
Ethereum Price Analy