Ethereum Price Downtrend Intact for this Reason, Market Muted

Ethereum is still consolidating below the $1,230 resistance against the US Dollar. ETH could react to the downside if it stays below $1,230 for a long time.Ethereum is attempting an upside break above the $1,230 resistance zone.
The price is now trading above $1,200 and the 100 hourly simple moving average.
There was a break above a connecting bearish trend line with resistance near $1,218 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could gain bullish momentum if there is a c