Here Is Why Dips In Ethereum Could Be A Trap By The Bulls

Ethereum rallied towards $170 and bitcoin jumped towards $9,000 before starting a downside correction. However, dips in ETH price remains supported near $158 and $155.Ether price started a downside correction the new 2020 high at $172 against the US Dollar.
The price is currently trading below $165 and it could extend its decline.
There is a major declining channel forming with resistance near $165 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could test the key $155 support ar