TA: Ethereum Faces Key Challenge, Why Fresh Decline Still Possible

Ethereum started a recovery wave above the $2,840 level against the US Dollar. ETH is now facing a major challenge near $2,905 and the 100 hourly SMA.Ethereum started a decent recovery wave above the $2,840 and $2,850 levels.
The price is still below $2,900 and the 100 hourly simple moving average.
There is a major bearish trend line forming with resistance near $2,900 on the hourly chart of ETH/USD (data feed via Kraken).
The pair must clear the $2,900 and $2,915 resistance levels to continue h