In last week, there was a recovery made from $191 support area in ETH price against the USD. Recently, ETH/USD pair broke the $194 and $197 resistance levels. However, the price facing a strong resistance area near the $201-202 zone.
More importantly, an important bearish trend at resistance $200. Additionally, price is now trading well below the $200 level. An immediate support of ETH/USD pair is at $197, below which the pair price could drop towards $194 and far away on $185. However, buyers need to clear the $202 level to gain upside trend and next level near $205-$210 level.
Additionaly, Technical indicators MACD, RSI in 4 Hrs chart moving back in the bearish zone.
Last few days a long term side ways trend observed on chart that could lead to a strong reversal also. It could be Bullish or Bearish. What you think about current market condition.