Can Ethereum Bulls Overcome This Hurdle To Start Fresh Rally?

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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