Ethereum Price Struggles Near Key Levels As Market Sentiment Weakens

Ethereum price started a fresh decline and traded below $2,050. ETH is now consolidating above $2,000 and might struggle to recover. Ethereum remained in a bearish zone after a fresh decline below $2,080. The price is trading below $2,050 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,040 on the hourly chart of ETH/USD (data feed via Kraken).