Ethereum (ETH) Price Larger Dip Underway: Bulls Losing Grip

ETH price declined heavily this past week and broke the $166 and $160 supports against the US Dollar.
The price even broke the $155 support level and traded close to the $146 level.
There is a crucial bearish trend line formed with resistance at $172 on the 4-hours chart of ETH/USD (data feed via Kraken).
The pair could correct higher in the short term, but it is likely to face sellers near $160 or $162.Ethereum price declined below important support levels versus the US Dollar and bitcoin. ETH