Ethereum Price Plunges, Why ETH Could Soon Dive Below $1,000

Ethereum traded below the $1,150 support against the US Dollar. ETH is gaining bearish momentum and might dive below the $1,000 support zone.Ethereum remained in a bearish zone below the $1,150 and $1,120 support levels.
The price is now trading below $1,150 and the 100 hourly simple moving average.
There is a key bearish trend line forming with resistance near $1,100 on the hourly chart of ETH/USD (data feed via Kraken).
The pair remains at a risk of more losses below $1,050 and $1,000 in the n