Ethereum Price Suffers Setback, This Triangle Could Start Another Decline

Ethereum started a fresh decline from the $1,320 resistance against the US Dollar. ETH is struggling and remains at a risk of a move below $1,150.Ethereum started another decline and traded below the $1,200 support.
The price is now trading below $1,200 and the 100 hourly simple moving average.
There is a key contracting triangle forming with resistance near $1,190 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move down unless the price climbs above the $1,220