Ethereum Price Just Signaled “Sell” And It’s Vulnerable to More Downsides

Ethereum started a fresh decline from the $1,350 resistance against the US Dollar. ETH traded below $1,300 and is showing bearish signs.Ethereum started another decline and traded below the $1,300 support.
The price is now trading below $1,290 and the 100 hourly simple moving average.
There was a break below a major bullish trend line with support near $1,290 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move down unless the price climbs above the $1,300 resis