Ethereum Price Dives 8%, Why ETH Might Soon Test $1K

Ethereum started another decline below the $1,180 support against the US Dollar. ETH is down over 8% and there is a risk of a move towards the $1,000 support.Ethereum started a major decline below the $1,180 and $1,170 support levels.
The price is now trading below $1,150 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 correct losses, but there is a risk of mo