Ethereum Price Consolidates Below $1,720: What Could Trigger Another Decline?

Ethereum price is still struggling below $1,720 against the US Dollar. ETH could continue to move down if it stays below $1,700 and $1,720.Ethereum is slowly moving higher from the $1,620 support zone.
The price is trading below $1,700 and the 100-hourly Simple Moving Average.
There is a key bearish trend line forming with resistance near $1,720 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could struggle to recover above the $1,700 and $1,720 resistance levels.Ethereum Price F