Ethereum Price Plunges Under $1,800, Leaving Bulls On The Ropes

Ethereum price started a fresh decline and traded below $1,800. ETH is now consolidating below $1,800 and might continue to move down. Ethereum remained in a bearish zone after a fresh decline below $1,840. The price is trading below $1,800 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1,800 on the hourly chart of ETH/USD (data feed via Kraken)