Ethereum Price $2,000 Floor Gives Way As Selling Pressure Persists

Ethereum price started a fresh decline and traded below $1,980. ETH is now consolidating below $2,000 and might continue to move down. Ethereum remained in a bearish zone after a fresh decline below $2,000. The price is trading below $2,000 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,010 on the hourly chart of ETH/USD (data feed via Kraken)