Ethereum (ETH) Medium Term Trend Turns Negative, Bears Eye $160

Ethereum is currently consolidating losses above the $172 support against the US Dollar.
Bitcoin price is also consolidating above the key $8,000 support area.
There is a new connecting bearish trend line forming with resistance near $176 on the hourly chart of ETH/USD (data feed via Kraken).
The price is likely to continue lower as long as it is below the $180 resistance.Ethereum price is showing signs of bearish continuation versus the US Dollar, similar to bitcoin. ETH bears seem to be eyein