Ethereum price is slowly moving lower toward the $1,585 support against the US dollar. ETH must clear the $1,650 resistance to start a recovery wave.

Ethereum is struggling to stay above the $1,600 support zone.

The price is trading below $1,650 and the 100-hourly Simple Moving Average.

There is a major bearish trend line forming with resistance near $1,645 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could start a fresh increase if it clears the $1,650 and $1,665 resistance levels.