Ethereum Price (ETH) Remains Sell Despite Recent Bitcoin Recovery

ETH price traded as low as $212 and recently corrected higher against the US Dollar.
The price traded above the $220 and $225 resistance levels, but it is still trading in a bearish zone.
There is an ascending channel forming with resistance near $240 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could resume its slide if it struggles to clear the $240 resistance area in the near term.Ethereum price is slowly recovering versus the US Dollar, along with bitcoin. ETH price is li