Ethereum Price Analysis: ETH/USD’s Support Turned Key Resistance

Key HighlightsETH price is facing a strong resistance near the previous support at $224-225 against the US Dollar.
There is a declining channel in place with resistance at $223 on the hourly chart of ETH/USD (data feed via Kraken).
The pair has to break the $223 and $224 resistance levels to gain traction in the near term.Ethereum price is mostly consolidating against the US Dollar and bitcoin. ETH/USD could decline once again if there is no close above the $224-225 resistance.
Ethereum Price An