Ethereum Price Plunges After Rejection, Are Bears Back In Action?

Ethereum price gained bearish momentum below $1,620 against the US Dollar. ETH is showing bearish signs and might decline further toward $1,540.Ethereum declined further below the $1,600 support zone.
The price is trading below $1,620 and the 100-hourly Simple Moving Average.
There are two bearish trend lines forming with resistance near $1,600 and $1,620 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move down and test the $1,540 support in the short term.Ethe