Ethereum Price Breaking This Confluence Resistance Could Start Recovery

Ethereum remained in a bearish zone below the $1,250 resistance against the US Dollar. ETH is attempting a recovery wave, but the 100 hourly SMA is the key.Ethereum made another to clear the $1,150 support, but the bulls were active.
The price is now trading below $1,200 and the 100 hourly simple moving average.
There was a break above a key bearish trend line with resistance near $1,165 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a decent recovery wave if there i