Ethereum is following a bearish pattern and it recently failed to surpass $240 against the US Dollar. ETH price is likely to continue lower and it may soon retest the $200 support zone.
- Ethereum failed to clear the main $240 resistance zone and started a fresh decline.
- The price is now trading well below the $230 level and the 100 hourly simple moving average.
- There is a key bearish trend line…