TA: Ethereum Dives 15%, Why Close Below $2K Is The Key

Ethereum gained bearish momentum below $2,000 against the US Dollar. ETH even traded below $2,000 and remains at a risk of more losses.Ethereum started a fresh decline below $2,100 and $2,000.
The price is now trading below $2,100 and the 100 hourly simple moving average.
There was a break below a key bullish trend line with support near $2,250 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move down if there is a close below the $2,000 support.Ethereum Price B