Ethereum Price Faces Rejection, Is This A Fresh Bearish Signal?

Ethereum price failed to clear the $3,280 resistance zone. ETH declined below the $3,200 support and is now consolidating losses above $3,100.Ethereum struggled to clear the $3,250 and $3,280 resistance levels.
The price is trading below $3,200 and the 100-hourly Simple Moving Average.
There was a break below a key bullish trend line with support at $3,190 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move down if it trades below the $3,100 support.Ethereum Pr