ETH/USD: Can Bulls Recover After Yesterday's Sharp Fall?

On the daily chart, bears have seized the initiative in the long-term perspective. Against the low trading volume, the rate declined which confirms our statement about the trend change. The next crucial support level which bears is going to break is $219. It is unlikely that they will overcome it from the first time as it is a so-called mirror level. Respectively, one might see a similar bounce off that is happening now when Ethereum (ETH) comes closer to $219.