Ethereum Price Resumes Downtrend As Bears Aim $1,500

Ethereum price is showing bearish signs below $1,700 against the US Dollar. ETH could continue to move down below the $1,600 level.Ethereum is down 5% and there was a move below the $1,720 support.
The price is trading below $1,700 and the 100-hourly Simple Moving Average.
The bears struggle near a key bearish trend line with resistance near $1,740 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could struggle to recover above the $1,680 and $1,700 resistance levels.Ethereum Pric