TA: Ethereum Takes Hit, Why $1,400 Could Spark A Fresh Increase

Ethereum gained bearish momentum below the $1,500 support against the US Dollar. ETH must stay above $1,400 to start a recovery wave.Ethereum remained in a bearish zone and extended losses below $1,500.
The price is now trading below $1,500 and the 100 hourly simple moving average.
There is a key bearish trend line forming with resistance near $1,460 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a recovery wave unless there is a clear move below the $1,400 support.E