Ethereum Price Could Avoid a Major Breakdown if it Closes Above One Key Level

Ethereum price is moving lower from the $1,780 resistance against the US Dollar. ETH could decline heavily if there is a clear move below the $1,720 support.Ethereum is struggling to clear the $1,780 and $1,800 resistance levels.
The price is trading below $1,800 and the 100-hourly Simple Moving Average.
There is a key bearish trend line forming with resistance near $1,760 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could decline heavily if there is a close below $1,720.Ether