TA: Ethereum Saw Crucial Rejection, Can Bulls Save This Support?

Ethereum saw a major rejection near the $1,420 zone against the US Dollar. ETH is down over 6% and remains at a risk of a drop below the $1,220 support.Ethereum started a fresh decline from the $1,420 resistance zone.
The price is now trading below $1,300 and the 100 hourly simple moving average.
There was a break below a key bullish trend line with support near $1,325 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could recover, but it might face sellers near the $1,285 and $1,