TA: Ethereum Key Indicators Suggest A Strengthening Case For More Losses

Ethereum declined sharply from the $1,655 resistance zone against the US Dollar. ETH is struggling and remains at a risk of more losses below the $1,450 level.Ethereum started a fresh decline after it failed to clear the $1,650 resistance zone.
The price is now trading below $1,550 and the 100 hourly simple moving average.
There is a major bearish trend line forming with resistance near $1,610 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could accelerate further lower below th