Ethereum Price Analysis: ETH/USD Resumes Decline Below $110

Key HighlightsETH price failed to break the $119 resistance level and later declined against the US Dollar.
There is a crucial bearish trend line in place with resistance at $113 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is likely to extend the current decline below the $105 and $102 support levels.Ethereum price failed to gain traction and declined against the US Dollar and bitcoin. ETH/USD could even break the $98 low and extend losses in the near term.
Ethereum Price Ana