Ethereum Price Bearish Signal: ETH Below 100 SMA Could Trigger Downside

Ethereum is facing resistance above $1,220 against the US Dollar. ETH could start another decline if it fails to stay above $1,200 and the 100 hourly SMA.Ethereum started an upside correction above the $1,180 resistance zone.
The price is now trading above $1,200 and the 100 hourly simple moving average.
There is a short-term contracting triangle with resistance near $1,220 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start another upward move if there is a wave above th