TA: Ethereum Dives Below $3K, Can The Bulls Save Day?

Ethereum started a sharp decline from $3,180 against the US Dollar. ETH bulls must protect the $2,950 support to avoid a trend change in the near term.Ethereum failed to gain strength above $3,150 and started a fresh decline.
The price is now trading above $3,030 and the 100 hourly simple moving average.
There was a break below a key bullish trend line with support near $3,100 on the hourly chart of ETH/USD (data feed via Kraken).
The pair must stay above the $2,950 support to avoid more downsid