Ethereum Price Corrects But This Level Could Trigger Fresh Increase

Ethereum started a downside correction from $1,600 against the US Dollar. ETH could start a fresh increase if it stays above the $1,450 support.Ethereum is correcting gains from the $1,580 and $1,600 resistance levels.
The price is now trading above $1,450 and the 100 hourly simple moving average.
There is a major bearish trend line forming with resistance near $1,540 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh increase if it stays above the $1,450 support