Ethereum Price Trapped Under $3,250, Momentum Tilts Lower

Ethereum price started a fresh decline from the $3,300 resistance. ETH is now consolidating losses and is at risk of more losses below $3,150.Ethereum started a sharp downside correction below $3,250.
The price is trading below $3,220 and the 100-hourly Simple Moving Average.
There is a short-term declining channel forming with resistance at $3,210 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh increase if it stays above the $3,160 zone.Ethereum Price Struggl