Ethereum Price Consolidating Losses: ETH & BTC Could Correct Higher

ETH price declined heavily below the key $300 support area against the US Dollar.
The price traded close to the $260 support level and it is currently consolidating losses.
There is a short term bearish trend line forming with resistance near $274 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could correct higher in the near term, but it is likely to struggle near the $282 and $285 resistances.Ethereum price started consolidating losses after a sharp dip versus the US Dollar a