Ethereum Price Dives 20%: ETH/BTC Breakdown The Main Driver

ETH price declined heavily below key supports against the US Dollar and bitcoin.
The price broke the key $260, $230 and $222 support levels to register 20% losses.
There was a break below a short term declining channel with support near $227 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is heading towards the $200 support area, where the bulls may take a stand.Ethereum price fell significantly below $250 and 0.0250 versus the US Dollar and bitcoin respectively. ETH price remai