Ethereum (ETH) Price Weekly Forecast: More Downsides Likely

ETH price failed to gain momentum above $250 and $252 against the US Dollar.
The price is currently well below $250 and it remains at a risk of more losses.
There is a major bearish trend line forming with resistance at $248 on the 4-hours chart of ETH/USD (data feed via Kraken).
The pair remains at a risk of more losses and it could accelerate below the $240 level.Ethereum price is showing signs of weakness versus the US Dollar and bitcoin. ETH is likely to accelerate lower if it breaks the $2