Ethereum Bears Emerge: Is a Deeper Pullback Coming?

Ethereum price is struggling below the $3,400 resistance. ETH is showing a few bearish signs and might decline below the $3,150 support. Ethereum failed to gain pace for a close above $3,350 and $3,400. The price is trading below $3,300 and the 100-hourly Simple Moving Average. There was a break below a key contracting triangle…