Can Ethereum Bulls Overcome This Hurdle To Start Fresh Rally?

Can Ethereum Bulls Overcome This Hurdle To Start Fresh Rally?

Ethereum decline to a new 3-week low at $208 against the US Dollar, similar to bitcoin. ETH price could correct higher in the short term, but upsides are likely to remain capped near $242.

ETH price is currently showing a few recovery signs from the $208 low against the US Dollar.
The price is now trading above the $220 level, but it is facing many hurdles.
There is a major bearish trend line…

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