TA: Ethereum At Clear Risk of More Losses Below $2,800

Ethereum started a sharp decline from $3,000 against the US Dollar. ETH is struggling below $2,900 and might slide below the $2,800 level in the near term.Ethereum started a major decline after there was a clear move below $3,000.
The price is now trading above $2,900 and the 100 hourly simple moving average.
There is a key bearish trend line forming with resistance near $2,935 on the hourly chart of ETH/USD (data feed via Kraken).
The pair must stay above the $2,840 support to avoid more downsi