Ethereum Price Could Avoid a Major Drop if it Closes Above $1,250

Ethereum failed to clear the $1,250 resistance against the US Dollar. ETH is moving lower and might decline heavily if it breaks the $1,140 support.Ethereum struggled to gain pace for a move above the $1,250 resistance level.
The price is now trading below $1,180 and the 100 hourly simple moving average.
There was a break below a key bullish trend line with support near $1,210 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could gain bearish momentum if there is no clear move ab