TA: Ethereum Prints Bearish Technical Pattern, Why ETH Could Resume Downtrend

Ethereum broke the $2,820 support to enter a bearish zone against the US Dollar. ETH remains at a risk of more downsides below the $2,740 level.Ethereum started a fresh decline after it failed to clear the $2,880 zone.
The price is now trading below $2,820 and the 100 hourly simple moving average.
There was a break below a key rising channel with support near $2,820 on the hourly chart of ETH/USD (data feed via Kraken).
The pair must clear the $2,800 and $2,820 resistance levels to start a recov