Ethereum declined heavily after multiple rejections near $250 against the US Dollar. ETH price is now recovering, but it must settle above $240 to start a fresh increase.
- ETH price is currently correcting higher from the $225 swing low against the US Dollar.
- It is now trading above the $230 level and the 100 simple moving average (4-hours).
- Earlier, there was a break below a key ascending channel…