Ethereum started a fresh decline from the $245 resistance against the US Dollar. ETH price is currently correcting higher, but upsides are likely to remain capped near $238 and $240.
- ETH price is facing a strong resistance near $240 and the 100 simple moving average (4-hours) against the US Dollar.
- The bears are likely to remain in control as long as the price is below $240.
- There is a key…