ETH/USD: Can Bears Get to $220 Faster than Bulls Might Try to Re

On the daily chart, Ethereum (ETH) has still bullish potential, however, one needs to pay close attention at the level of $220. In case, sellers break it, the further drop up to $200 will become relevant. However, there is unlikely to break it from the first time as this is a far retest level since the beginning of May. Summing up, traders might expect a bounce off the support at $220 followed by a rise to $250.