ETH/USD heading towards a daily close below the big $200 mark, spelling catastrophe

• Ethereum (ETH) was nursing whopping losses of over 11% in the session on Thursday.
• ETH/USD as lined in the put up yesterday, it was presenting vulnerabiities given the ascending channel seen.
• A daily close below the pyscological $200 mark could possibly be devasting for Ethereum. 

ETH/USD 60-minute chart 

Spot fee:                  198.83.

Relative change:      -11.66%

Excessive:                         226.70

Low:                          195.42

Pattern:                       Bearish

Help 1:                197.25, help on 60-minute chart.

Help 2:                194.15, demand zone.

Help three:                185.53, 9 September low. 

Resistance 1:           201.00, resistance on 60-minute chart.

Resistance 2:           205.10, prior appearing demand zone. 

Resistance three:           210-215.00, uneven provide space.