Ethereum Price Analysis: ETH/USD Bearish Below 100 SMA and $206

Key HighlightsETH price declined further and traded below the $205 and $200 support levels against the US Dollar.
There was a break below a major bullish trend line with support at $204 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is currently struggling below the $206 resistance and the 100 hourly simple moving average.Ethereum price is back in a bearish zone against the US Dollar and bitcoin. ETH/USD may continue to move down towards the $196 and $190 supports.
Ethereum Pric